The income tax (I-T) department has completed its investigation into alleged malpractices in the payment of commissions by insurance companies and uncovered evasion of more than Rs15,000 crore and the tax on this will be about Rs4,500 crore, says a report.
ICICI Lombard General Insurance Ltd has been issued a show cause notice (SCN) by the directorate general of goods and services tax (GST) intelligence (DGGI) for a tax liability worth Rs273.44 crore under Section 74(1) of the Central GST Act.
/PRNewswire/ The InsurTech market size is estimated to grow by USD 61,756.27 million from 2022 to 2027, according to Technavio. The market is estimated to.
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paragraphs 8-9) BENGALURU, Ma. | 12:27am