Insurance

Budget 2020: DDT withdrawal to increase tax liability of life insurance firms

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Insurance companies have enjoyed tax exemptions on dividend income and as such their effective tax rates have been lower than their nominal tax rate of 14.5%. The Budget has two proposals that […]

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Insurance

Budget 2020: Don’t see huge impact on life insurance biz due to new tax regime, says Max Life

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The Union Budget 2020 offered a new personal tax option to tax payers and the finance minister has indicated that the old regime may be phased out over time. Discussing in detail how […]

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