Question
What is the primary objective of the new Income Tax Bill
approved by the Union Cabinet?Solution
The new Income Tax Bill aims to simplify India’s tax laws by reducing sections by 25-30%, eliminating ambiguities, and making tax laws more accessible. By consolidating similar provisions and avoiding cross-referencing, the bill seeks to improve clarity and efficiency in tax compliance.
Who is responsible for investigating and settling claims?
Mortality Charge is the amount charged _____________ by the insurer
A method of permitting the final premium for a risk to be adjusted, subject to an agreed-upon maximum and minimum limit based on actual loss experience ...
Personal and business property coverage combining several types of property insurance in one policy is called?
Which is liability coverage for contents within a renter’s residence?
A Life insurance policy for which the cost is equally distributed over the term of the premium period, remaining constant throughout is called?
Which of the following term is used when the loss is caused by two or more causes acting simultaneously or one after the other?
Any such transaction, in which any property is transferred in the name of one person and payment is made by another person is known as?
Which of the following is NOT a peril covered under the Standard Fire and Special Perils Policy?
The amount which is payable by you during the premium paying term at regular intervals for a limited period as specified in the plan schedule is called?
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