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.
National Consumer Helpline Sees Surge in Usage
The NCH is available in 17 languages, ensuring broad reach across the country. The technological improvements have drastically increased the NCH’s capacity. The NCH 2.0