Tag: exemption

Give tax exemption to ‘The Kerala Story’: BJP to Kejriwal govt

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New Delhi: The Delhi unit of the BJP on Sunday demanded that the AAP government give tax exemption to ‘The Kerala Story’ film and hold its special screenings for girls in the 15-16 age group in the city.
In a letter to Chief Minister Arvind Kejriwal, Delhi BJP spokesperson Praveen Shankar Kapoor said the film was based on the “serious issue of love jihad”, “religious conversion” and pushing innocent girls into “terrorism”.
The Delhi chief minister should promote the film by watching it himself and exempting it from entertainment tax, he said.

“The Kerala Story has been given an ‘A’ certificate for viewing only by adults, while nowadays the danger of love jihad is gravest for the girls of 15-16 years of age. Therefore, the chief minister should contact the Film Censor Board and get it a ‘U/A’ certificate for Delhi so that more and more girls belonging to the sensitive category can be made aware by showing this film,” Kapoor said.
He said that besides girl students of classes 11 and 12, those who are pursuing graduation also become “easy victims” of “love jihad” and the movie should be shown to them through special shows as well.
The film starring Adah Sharma revolves around a group of women in Kerala who are forced to convert and join ISIS.
Recently, Prime Minister Narendra Modi credited the film for bringing out terror conspiracies and used it to attack the Congress during a rally in Karnataka.
BJP national president J P Nadda, campaigning in Karnataka, is scheduled to attend a screening of “The Kerala Story” on Sunday night.

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#Give #tax #exemption #Kerala #Story #BJP #Kejriwal #govt
( With inputs from www.siasat.com )

May 7, 2023
Defamation case: Maha court grants Rahul permanent exemption from appearance

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Thane: A court in Maharashtra’s Thane district on Saturday granted a permanent exemption to Congress leader Rahul Gandhi from appearing before it in a defamation case filed against him by a Rashtriya Sawyamsevak Sangh (RSS) functionary.
Bhiwandi First Class Judicial Magistrate Laxmikant C Wadikar who heard Gandhi’s application filed through his counsel Narayan Iyer observed that the Congress leader deserves a permanent exemption.
The magistrate also set June 3 for recording evidence in the defamation suit filed by local RSS worker Rajesh Kunte.

Kunte had in 2014 filed a private complaint before the Bhiwandi magistrate’s court after watching Gandhi’s speech where he allegedly accused the RSS of Mahatma Gandhi’s assassination. Kunte claimed this statement slandered the reputation of the RSS.
Gandhi had appeared before the court in June 2018 and pleaded not guilty.
“Accused Rahul Rajiv Gandhi is hereby exempted from appearance in the court till the further order passed by the court subject to following conditions,” reads the order, a copy of which was accessed by PTI.
“Accused to undertake that his duly designated advocate punctually and regularly appears before court on each and every scheduled date and conduct the trial in absence of accused,” says one of the conditions. “Accused to remain present in court as and when directed,” reads another.
Rahul Gandhi, who was recently disqualified as an MP after his conviction by a Surat court in a defamation case, had last year sought exemption from appearance in the Bhiwandi court on the grounds that he was a Delhi resident and a Lok Sabha member who had to visit his constituency (Wayanad), attend party work and travel a lot. Gandhi had requested that whenever required, he be allowed to be represented by his lawyer in the hearing.

Kunte recently argued that since Gandhi is no longer a parliamentarian, he should not be given an exemption in the matter.
The Surat court had on March 23 sentenced Gandhi to two years in jail in a 2019 criminal defamation case filed against him over his “why all thieves have Modi surname” remarks. The court also granted him bail and suspended the sentence for 30 days to allow him to appeal in a higher court. The next day, he was disqualified as a member of the Lok Sabha.
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#Defamation #case #Maha #court #grants #Rahul #permanent #exemption #appearance
( With inputs from www.siasat.com )

April 15, 2023
No more tax exemption for Insurance policies where premium is above Rs 5L

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Delhi: Insurance policies where the premium is over Rs 5 lakh will no longer be tax-exempt, as per the provisions in the Union Budget 2023-24.
Kapil Mehta, Co-founder, SecureNow Insurance Broker said the income from traditional insurances where the premium is over Rs 5 lakh will not be tax exempt. While, this will dampen the interest of individuals to buy high value traditional insurances, it will increase the focus on term plans and pure risk covers which is good.
A concern is that it should not result in a significant shift towards purely investment-oriented unit link insurances, Mehta said.
Arihant Bardia, CIO and Co Founder, Valtrust said if premium paid on insurance policies (excl. ULIP) exceeds Rs 5 lakh in a year, then the proceeds from those policies will be taxable (except in case of death benefit).
Bardia said this is negative for insurance — as it will impact savings products which are usually high value and margin products (though not protection). However, smaller policies remain unaffected. Overall a negative for insurance companies as it will impact the high value premium policies — thus impacting overall industry GWP growth.
A similar provision was already introduced for ULIPs in 2021 wherein the aggregate premium was restricted to Rs 2.5 lakh in a year for tax exempt proceeds”, said Bardia.
Mehta said improvements in ease of doing business specifically, the changes pertaining to simplification of the KYC process, one stop solution for identity and address updating, common business identifier, unified filing, and entity digilocker will make placement of insurances easier. Claims payment would also be facilitated.
Changes in personal income tax will increase personal disposable income. This will result in individuals ability to buy better, higher value insurances to manage their risk, Mehta said.

(Sanjeev Sharma can be reached at Sanjeev.s@ians.in)
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#tax #exemption #Insurance #policies #premium
( With inputs from www.siasat.com )

February 1, 2023