News

08/10/2025

Refund Delayed Even After ITR Processed? Here's What You Can Do To Fix It

Refunds may sometimes get delayed even after the return has been processed, and there are various reasons for this delay.

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08/10/2025

Many property sellers have to pay 3.5 times more TDS and TCS due to issues with Income Tax TDS, TCS rules; Five such I-T rules need overhaul

The Income-tax Act, 2025 (New Act) marked a historic shift from the Income-tax Act, 1961 (Old Act) by eliminating provisos and explanations, making substantive law clearer and more accessible. However, the Income-tax Rules continue to create procedural complexity and hardships for many taxpayers.

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30/09/2025

Breaking The Myths: Why Life Insurance Is A Must For Every Stage of Life

India faces a life insurance protection gap of over 17 trillion dollars, with 83 percent underinsured.

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27/09/2025

LIC sees ₹1,100 crore inflows after GST scrapping on traditional life insurance Policies

This surge released pent-up demand from customers. Industry sales had been lower earlier in anticipation of the tax change. Overall new business premiums grew, but policy numbers declined.

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09/09/2025

LIC pays Rs 7,324 cr to Finance Minister as dividend for FY25

Life Insurance Corporation of India (LIC) on Friday said it has paid a dividend cheque of Rs 7,324.34 crore to Finance Minister Nirmala Sitharaman for the 2024-25 financial year.

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21/08/2025

No GST on life, health insurance premiums soon? Here's what it means for you

A proposal has been made to exempt premiums for life and health insurance from Goods and Services Tax (GST), a move that could bring down costs and boost insurance penetration.

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29/07/2025

ITR marked invalid due to tech glitch? Income Tax Dept issues THIS big relief for taxpayers

The move comes in response to grievances received by the Centralized Processing Centre (CPC) in Bengaluru, which highlighted that returns from various assessment years were wrongly invalidated due to system glitches.

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21/07/2025

How HNI NRIs should calculate their term insurance coverage

For high-net-worth NRIs, term insurance is crucial for securing their family's financial future, considering factors like inflation and global living costs. Indian insurers offer cost-effective policies with benefits like GST waivers, premium refunds, and worldwide coverage.

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18/07/2025

GST cut on life, health insurance likely; relief for policyholders may be around the corner

The GST Council is expected to announce a significant tax cut on life and health insurance premiums in its upcoming meeting. The move could lower costs for policyholders and boost insurance penetration across India.

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