The Central Board of Direct Taxes vide notification dated 22nd September, 2020 has notified the Income-tax (21st Amendment) Rules, 2020. The amendment provides that the insurers can apply for a certificate for receipt of interest and other sums without deduction of tax under section 195(3) of the Income – tax Act, 1961. The application shall be made as per the same procedure followed by banking companies while applying for the certificate provided under section 195(3) of the Income – tax Act, 1961 .
New Digital Platform to Streamline Health Insurance Claims
The government has launched the National Health Claims Exchange (NHCX) as part of the Ayushman Bharat Digital Mission. This digital platform aims to simplify and