Ahura Insurance

The income tax department with a view to encouraging savings and investments amongst the taxpayers has provided various deductions from the taxable income under Chapter VI A deductions. Section 80C being the most famous, there are other deductions that are beneficial for the taxpayers to reduce their tax liability. Let us understand these deductions in detail:   Section 80C - Deductions on Investments: Section 80C is a favorite section for all taxpayers as it helps them to reduce the taxable burden with relevant tax-saving instruments or on allowed expenses. A taxpayer can have a maximum deduction of Rs 1.5 lakh every year from the total income.   Individuals and HUFs can take benefit from this deduction. Companies, partnership firms, and LLPs are not allowed to avail the benefit of this deduction.   Section 80TTA - Interest on Savings Accounts: As an individual or as a HUF, you can claim a deduction of a maximum of Rs 10,000 against interest income from y...

Marine insurance is one of the oldest types of insurance, dating back centuries. The concept of insurance actually started with marine insurance. Later, with time, it developed a lot with the expansion of trade and business. Marine insurance mostly addresses international trades that involve the transit of goods from one place to another through ships. Oceans are always unpredictable, and hence, these transshipments of goods always carry a huge amount of risk. Therefore, it is crucial to secure your goods from unforeseen uncertainties or disasters with the help of marine insurance. Additionally, marine insurance is crucial because it provides protection against any loss or damage to the commodities and cargo that the ship is transporting. A marine policy offers financial protection against damage or loss to cargo or goods while they are being transported by truck, vehicle, ship, vessel, courier, etc. A marine insurance policy provides protection against a variety of dangers that cargo,...