AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required

Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

Try Now →

Call Us / Help / Feedback✕

TMI Blog

Home /

Previous Next

Composite Rate of Tax - Life Insurance Business

X X X X Extracts X X X X

Full Text of the Document

X X X X Extracts X X X X

....e tax on services provided by him under section 66B and rule 6(7A) OPTION A : Rate of tax as per section 66B, shall be @ 14% on the: [rule 6(7A)(i) of Service Tax Rules, 1994] i. Gross premium charged from a policy holder minus ii. Amount allocated for investment or savings Thus, tax at 14% of (i) - (ii) OPTION B: Composite Rate of tax will as follows: [rule 6(7A) of Service Tax Rules, 1....

Previous Next

Contact Us At :

FAQs :

Most Asked Video Tutorials :

Submit Feedback/Suggestion :

Composite Rate of Tax - Life Insurance Business