Pre-trial bail granted where custodial period, documentary prosecution, and magistrate-triable offence favor release subject to surety and no witness ...
Allowability of Salary Exemptions: Form 16 entries can substantiate HRA and other salary exemptions, and home loan interest is deductible for a self-o...
Capital gains exemption: payment for plot, architect fees and bona fide commencement of construction can satisfy utilisation requirement and secure re...
Foreign direct investment in insurance is permitted up to 100% under the automatic route, subject to approval and verification by IRDAI and compliance with the Insurance Act, 1938 and applicable insurance investment rules. The amendment replaces Schedule I entry F.8 to set sectoral caps and conditions for insurance companies, LIC and insurance intermediaries, including resident Indian citizen requirements for key management, pricing guidelines for further investment, disclosure obligations, and separate treatment for bank-promoted insurance companies. LIC remains subject to the Life Insurance Corporation Act, 1956 and the specified insurance investment conditions apply to it with necessary adaptation.
Foreign direct investment in insurance is permitted up to 100% under the automatic route, subject to approval and verification by IRDAI and compliance with the Insurance Act, 1938 and applicable insurance investment rules. The amendment replaces Schedule I entry F.8 to set sectoral caps and conditions for insurance companies, LIC and insurance intermediaries, including resident Indian citizen requirements for key management, pricing guidelines for further investment, disclosure obligations, and separate treatment for bank-promoted insurance companies. LIC remains subject to the Life Insurance Corporation Act, 1956 and the specified insurance investment conditions apply to it with necessary adaptation.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4814 
Join Channel 
