Life insurance: CBDT issues guidelines on income from premium over ₹5 lakh
The 17-page guidelines explain changes introduced in Income Tax Act to remove difficulties in implementing provisions introduced in Budget 2023
The 17-page guidelines explain changes introduced in Income Tax Act to remove difficulties in implementing provisions introduced in Budget 2023
CII says it's difficult for borrower to ask bank to explain source where loan is given to borrower, equally difficult for bank to determine exact source when it's raising funds from multiple sources.