Daily digest for Gupta Chandan & Associates, on March 3, 2021

posted: "In order to monitor the performance of Rural Insurance Business and support the development of policy and regulation for promoting rural insurance business, the IRDAI has specified the format for collecting the data pertaining to Rural Insurance.In orde" New post on Gupta Chandan & Associates IRDAI comes up with format for collection of Rural Insurance dataIRDAI comes up with format for collection of Rural Insurance data In order to monitor the performance of Rural Insurance Business and support the development of policy and regulation for promoting rural insurance business, the IRDAI has specified the format for collecting the data pertaining to Rural Insurance.In order to monitor the performance of Rural Insurance Business and support the development of policy and regulation for […] Read more of this post March 3, 2021 at 12:00 am | Categories: Latest Statutory Happenings, News | URL: https://wp.me/pcenIR-150 Comment    See all comments Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/irdai-comes-up-with-format-for-collection-of-rural-insurance-datairdai-comes-up-with-format-for-collection-of-rural-insurance-data/

posted: "INCOME TAX : Where assessee claimed that loan amount waived off by bank under one time settlement scheme was not taxable under section 28(iv) as it was not a trading liability and assessee had not claimed any deduction on said amount in earlier year, sinc" New post on Gupta Chandan & Associates Loan waived off under one-time settlement couldn't be taxed as income where no deduction claimed in earlier years INCOME TAX : Where assessee claimed that loan amount waived off by bank under one time settlement scheme was not taxable under section 28(iv) as it was not a trading liability and assessee had not claimed any deduction on said amount in earlier year, since assessee failed to produce any details so as to show […] Read more of this post March 3, 2021 at 12:00 am | Categories: Latest Case Laws, News | URL: https://wp.me/pcenIR-14Z Comment    See all comments Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/loan-waived-off-under-one-time-settlement-couldnt-be-taxed-as-income-where-no-deduction-claimed-in-earlier-years/

posted: "The Ministry of Finance has notified the Insurance Ombudsman (Amendment) Rules, 2021 wherein provision related to Qualification for appointment of Insurance Ombudsman, Procedure and selection criteria for appointment of Insurance Ombudsman, a complaints m" New post on Gupta Chandan & Associates Ministry of Finance amends Insurance Ombudsman Rules for better resolution of policyholders' complaints The Ministry of Finance has notified the Insurance Ombudsman (Amendment) Rules, 2021 wherein provision related to Qualification for appointment of Insurance Ombudsman, Procedure and selection criteria for appointment of Insurance Ombudsman, a complaints management system and other amendments have been discussed in detail.The Ministry of Finance has notified the Insurance Ombudsman (Amendment) Rules, 2021 wherein […] Read more of this post March 3, 2021 at 12:00 am | Categories: Latest Statutory Happenings, News | URL: https://wp.me/pcenIR-14Y Comment    See all comments Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/ministry-of-finance-amends-insurance-ombudsman-rules-for-better-resolution-of-policyholders-complaints/