The Central Board of Direct Taxes vide circular dated 19th January, 2022 has provided Guidelines clarifying on income-tax exemption on the sum received under a life insurance policy, including any sum allocated by way of bonus on such policy subject to certain exclusions. The circular explains the exemptions with illustrations and examples.
Consultation paper on Maintenance of Record of Mandatory Communication by Regulated Entities
It is proposed that the regulated entities maybe mandated to maintain the record of all such communication, which are mandated to be communicated under the