A term plan is a contract between the insurance company and the policy holder, towards which the latter pays the former a fixed amount annually for a fixed number of years.
Scope & Coverage of Section 194R
Union Budget 2022, a new TDS section 194R, has been proposed in the Finance Bill 2022, w.e.f. 01st July 2022.
Recently CBIC has issued detailed guidelines for sanctioning, post-audit and review of refund claims.
Section 8 of the Companies Act, 2013 deals with the formation of companies which are formed to promote the charitable objects of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment etc.
The author discusses about TDS on benefits or perquisites provided
Our mind tends to be protective of ourselves, it shies away from trying something which it hasn't experienced before. Moreover our sub conscious mind is store house of our experiences in the past and present.
Among the above two goals, early retirement might be categorized as a "want". A house, however, is a "need", no matter how you look at the matter, whether it's for a family, or to experience the freedom of owning a house.
In this context in the article the paper writer has examined the eligibility to food/drink credit, more specifically ITC on canteen credit, the issues therein and important decisions.
The Governemt said the Agnipath Scheme will also open the path to induct women in the future to all wings of the armed forces based on service requirements.