GENERAL insurance company Cholamandalam MS has announced the introduction of the facility termed Click Easy car insurance to buy and renew motor insurance policies online through its website www.cholainsurance.com. The site also offers other features like live chat interface, branch/agent/garage locator, etc. In the health section, individual policyholders can log on to print their health e-cards, locate hospitals of their preference and also view their claim status. The company will also provide online claim intimation utility.
DTC Proposes To Do Away With Special Provision That Allows NRIs Liberalised Duration Of Stay In Country THE new direct taxes code could bring a large number of global Indians under the tax net, as it does away with a provision that allowed individuals to escape tax in any country citing double tax avoidance. The new legislation, introduced in Parliament on Monday, says an individual shall be a resident of India in any financial year if he is in the country for more than 59 days in that year, and has been has been India for more 365 days in four preceding financial years. A number of Indian industrialists including Vedanta's Anil Agarwal and Essar's Ravi Ruia have acquired non-resident status over the years. The DTC has only attempted to clean up the provision in line with the laws globally. A phrase "being outside India" in the existing income tax law exempted individuals who stay outside the country for six months from paying taxes. This was prone ...
