Judgement

The Income Tax Appellate Tribunal (ITAT) Mumbai, has held that Aditya Birla Sun Life Insurance Company was not liable to deduct tax at source on reinsurance premium paid to foreign reinsurers.

Rs. 6.88 Crore TDS Demand on Aditya Birla Sun Life Insurance Quashed; ITAT Says No Tax Deduction Required on Overseas Reinsurance Premium

Articles

Using the right tools and selecting reliable insurers ensures your policy works in the manner intended, so that you can secure your family’s future while reducing your tax burden.

Tax Benefits of Life Insurance Plans

While the customers will benefit from the low-cost premium and from the GST reductions, the insurance industry will face high operating costs

Insurers to Apply 18% GST on Agents' Commission to Offset Input Tax Credit Loss

From October 2025, private health insurers will cut agent commissions by around 18% to make up for the loss of tax benefits under the new GST rules.

Private Insurers Slash Agent Commissions Amid GST Changes on Health Insurance from October 2025

The CBIC has made it clear that the insurers cannot claim input tax credit (ITC) on the services such as broking and commission.

Insurers Cannot Claim ITC on Brokerage: CBIC Issues Notification

Circulars

News

IRDAI prohibited insurers from promoting unit-linked and/or index-linked products as 'investment products' in a master circular dated June 19, 2024.

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Rs. 6.88 Crore TDS Demand on Aditya Birla Sun Life Insurance Quashed; ITAT Says No Tax Deduction Required on Overseas Reinsurance Premium

Tax Benefits of Life Insurance Plans

Insurers to Apply 18% GST on Agents' Commission to Offset Input Tax Credit Loss

Private Insurers Slash Agent Commissions Amid GST Changes on Health Insurance from October 2025

Insurers Cannot Claim ITC on Brokerage: CBIC Issues Notification

IRDAI bars Insurers from Advertising ULIPs as Investment Products