Revision in Premium Rates for Motor Third Party Insurance Covers for FY 2016-17 : IRDAI
Â
The Authority vide its order no. IRDA/NL/NTFN/MOTP/066/04/2011 dated 15th April 2011 notified that it would review and adjust the premium rates for motor third party insurance covers annually.
Â
Accordingly, an exposure draft on the Revision in Premium Rates for Motor Third Party Insurance covers for the financial year 2016-17 is issued. The same is attached herewith. All stakeholders are requested to review the attached exposure draft and forward their views / comments in the prescribed format (MS Word format) to the undersigned by e-mail at suresh [at] irda [dot] gov [dot] in and a copy marked to nmbehera [at] irda [dot] gov [dot] in.
Â
The comments/suggestions should reach the Authority by 20th March, 2016 in the format given below:
Â
(Suresh Mathur)
Senior Joint Director
Senior Joint Director
Â
FORMAT FOR SUGGESTIONS ON
Exposure Draft on Revision in Premium Rates for Motor Third Party Insurance Covers for the Financial Year 2016-17
Â
|
Change suggested by
(Name of Individual / Organisation)
|
Â
|
|||
|
Address of the Individual/ Organisation
|
||||
|
Date
|
Â
|
|||
|
Note
|
1.    It is suggested that ONE Page may be used for one change.
2.   This will enable us to group all the suggestions and take a decision on the changes suggested
|
|||
|
Page No
|
Point/ Para
|
Subject Matter
|
Comments/Suggestions
|
Rationale for the comments/ suggestions
|
|
Â
|
Â
|
Â
|
Â
|
Â
Â
Â
|
Â
 Signature
Â
- Expenses of ESOP are allowable as revenue expenditure u/s 37(1) of Income Tax Act.
- Compliance history of supplier can’t be used to invalidate genuine business transactions of buyer
- Reassessment quashed as AO issued notice u/s 148 instead of 153C as reopening was based on search
- Empanelment of CA/CMA /Legal firm for FEMA & other allied services at EPIL
- Individual contract for booking persons for participation in event not event management liable to service tax
