Life Insurance and Income Tax decoded – India Only!

 The tax benefit on premium paid for a life insurance policy is an important additional advantage of life insurance. It is advisable to understand all aspects of claiming this tax benefit in order to avoid losing it. Let us examine these aspects in detail as per current income tax laws. Pension policies, some of which include a life insurance element, are treated differently for tax purposes. Therefore these are not being considered here.

Tax benefit under section 80C of the  ..

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The general impression among people is that proceeds of life insurance policies are totally tax free. However, this is actually subject to certain conditions and also some exceptions. It is necessary for one to be aware of when these proceeds are tax-free and when not, in order to take advantage of the tax benefit. Let us examine the tax treatment of payouts under a life insurance policy in detail.

Pension policies, some of which include a life insurance element, are treated differe ..

SEBI listed Suspected Shell Companies

Update, 11th August 2017:

With regard to further developments on the below information, The Securities Appellate Tribunal (SAT) on Thursday stayed restrictions imposed by the Securities and Exchange Board of India (Sebi) on shares of J Kumar Infra projects and Prakash Industries, which were among the 331 companies suspected to be ‘shell companies’.

The Tribunal, which hears appeals against orders issued by Sebi, also criticized the capital market regulator for passing orders against the companies without investigations.

SAT has directed stock exchanges to allow trading in shares of both the companies with effect from today.


SEBI has recently decided to freeze trading of 331 shares in NSE and BSE that are suspected to be shell companies. The list of companies can be found in the following link

Trading in all such listed securities, Sebi said, shall be placed in Stage VI of the Graded Surveillance Measure (GSM) with immediate effect.

Under the stage VI of GSM framework, trading in these identified securities shall be permitted only once a month under trade to trade category (first Monday of the month). Trading in these firms has been suspended this month.

SEBI has also capped the upward price movement at the level of the last-traded price for these stocks. Those who want to buy these stocks will have to make a deposit equal to double the value of the trade. This amount will be retained by the exchanges for five months.

There has been some confusion regarding the accuracy of the list as some of the companies in the list cannot be considered as shell companies as they have carrying out business for a long time. They could have been on the list due to some transactions carried out.

Therefore, we advise you to go through the list of companies and check if you have invested in any of the companies present in the list. Our advise would be to exit from the company that may be present in the list at the immediate opportunity till there is further clarification.

There are also reports that out of the 331 companies identified by SEBI, trading in 12 companies in the stock exchanges might resume as early as next week.

Water hardness and health implications

Calcium and magnesium dissolved in water are the two most common minerals that make water hard. Water hardness is measured in three ways: grains per gallon, milligrams per liter (mg/L), or parts per million (ppm).

Many domestic water users are concerned about the hardness of their water. Hard water requires more soap and synthetic detergents for home laundry and washing, and contributes to scaling in domestic appliances like water geyser, washing machines and bath shower heads. Hardness is caused by compounds of calcium and magnesium, and by a variety of other metals. Water is an excellent solvent and readily dissolves minerals it comes in contact with. As water moves through soil and rock, it dissolves very small amounts of minerals and holds them in solution. Calcium and magnesium dissolved in water are the two most common minerals that make water “hard.”

Water Hardness Scale

Grains Per Gallon Milligrams Per Liter (mg/L)or Parts Per Million (ppm) Classification
less than 1.0 less than 17.1 Soft
1.0 – 3.5 17.1 – 60 Slightly Hard
3.5 – 7.0 60 – 120 Moderately Hard
7.0 – 10.5 120 – 180 Hard
over 10.5 over 180

Very Hard

In the past five decades or so evidence has been accumulating about this environmental factor, which appears to be influencing mortality, in particular, cardiovascular mortality. In addition, several health investigations have proved the relation between risk for cardiovascular disease, growth retardation, reproductive failure, and other health problems and hardness of drinking water. In addition, the acidity of the water influences the re absorption of calcium and magnesium in the renal tubule. Not only, calcium and magnesium, but other constituents also affect different health aspects.

A study conducted by the mines and geology department reveal’s that most of Bangalore’s ground water is contaminated with heavy metals. Nitrates, Iron and fluorides are in excess of permissible limits from a host of dyeing, metal fabrication, chemical industries and household detergent waste that are polluting the city’s lakes and water bodies.