Vivad Se Vishwas Scheme 2: Centre likely to initiate penalty settlement for pharma firms

36 ViewsThe Union government is likely to initiate the settlement of cases initiated by the National Pharmaceutical Pricing Authority (NPPA) for pharma companies under the Vivad se Vishwas scheme 2. This is the government’s attempt at tax resolution and reducing litigation. Sources told CNBC-TV18 that the government may initiate the scheme to settle penalty cases […]

New income tax rule: Proceeds from life insurance policy with premium of over ₹5 lakh to be taxable

78 ViewsProceeds from life insurance premium over the annual premium of ₹5 lakh would be taxable from new financial year i.e. from 1st April 2023. The Finance Minister Nirmala Sitharaman made an announcement about this change in income tax rules while presenting the Union Budget 2023 in parliament. However, the finance minister made it clear […]

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