INSURENCE ADDA

2026-02-27

NRIs with big foreign tax payment need to get CA certificate to claim tax credit in their ITRs in India under draft tax rules 2026

Indians working abroad can claim Foreign Tax Credit (FTC) by filing Form 67. Draft rules propose renumbering it to Form 44, requiring CA certificates for companies and individuals with foreign tax payments over Rs 1 lakh. These changes aim to enhance scrutiny and ensure bona fide claims, potentially increasing compliance costs.

2026-02-24

CNBC

New income tax rules from April 1: How HRA claims for family rent will change

Salaried individuals claiming HRA under the old tax regime must disclose their relationship with landlords in Form 124 if rent exceeds ₹1 lakh, per Draft Income Tax Rules, 2026.

2026-02-12

CNBC

How draft Income Tax rules, 2026 could change your taxes and transactions

The draft Income-tax Rules, 2026 signal a calibrated overhaul of India’s tax compliance framework — raising thresholds for routine banking and property transactions, revising salary perquisite valuations, and expanding exemptions for families, while simultaneously tightening digital scrutiny and foreign income reporting norms.

2026-02-10

CNBC

Report shows India’s life insurance coverage far below adequate levels

Life insurance remains a critical tool for financial protection and savings in India, but coverage levels are still far below what is considered adequate for earning individuals, according to insights shared by Mithil Sejpal, Co-Founder of SLiQ (Smart LIQuidity) by ValuEnable.

2026-02-07

CNBC

Unclaimed life insurance money: What it is and how families can claim it

More than ₹22,000 crore in life insurance benefits remained unclaimed at the start of FY24, highlighting a growing awareness gap among policyholders and their families, according to Kamlesh Rao, Chairperson of the Insurance Awareness Committee (IAC-Life), and Parag Raja, Member of IAC-Life.

2025-04-01

CNBC

How to avoid insurance claim rejections: Top mistakes to watch out for

The Insurance Regulatory and Development Authority of India (IRDAI) reported that 11% of health insurance claims were denied in FY24, totalling ₹26,000 crore in repudiated claims.