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FEMA - Highlights / Catch Notes

Home Highlights January 2016 Year 2016 This

A person resident in India allowed to have a general or life ...

FEMA

January 1, 2016

A person resident in India allowed to have a general or life insurance policy issued by an insurer outside India - RBI notifies the regulations / conditions

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  1. Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 - Opening of Foreign Currency Accounts by Re-insurance and...

  2. Clarification in respect of notices/ reminder letters issued for life insurance policies - regarding. - Circular

  3. Key Man Insurance Policy - once it has been sold as a life insurance policy on the keyman to the business, as long as it is in the nature of life insurance policy,...

  4. Disllowances towards premium of keyman insurance policies - once it has been sold as a life insurance policy on the keyman to the business, as long as it is in the...

  5. Cenvat credit - service tax paid by the insurance providers on various insurance policies taken out by the appellant - insurance policy has another address - credit allowed - AT

  6. Disallowance of payment of premium under “Keyman Insurance Policy – maturity or surrender amount under the Keyman Insurance Policy was not exempted but taxable under...

  7. Keyman Insurance Policy - premium paid for the partners - The premium paid on the Keyman Insurance Policy is allowed as business expenditure - HC

  8. GST is not leviable on General Insurance policies provided by a State Government to employees of the State government/ Police personnel, employees of Electricity...

  9. General Insurance Service - Exemption - There is no requirement in the notification that the Janta Personal Accident Policy referred to in the notification must be...

  10. CENVAT credit of Service Tax - Input service - General Insurance Service - the appellant has not been able to bifurcate the Insurance Service availed on the assets of...

 

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