Eye Share : Trading in Securities - Respite for Insurance Companies?

As part of the statutory requirement, companies engaged in the lift insurance business are required to invest in approved securities under Insurance Act & related regulations. A question which has been a subject matter of dispute is the issue of ITC reversal on account of ‘trading in securities’ for the life insurance companies. In this article, Lakshmi Ratna Kancherla (Principal Associate, Lakshimkumar & Sridharan Attorneys)throws light o...