Inclusion of non-deductible business expenditure: must be added to life insurance business profits from April 2025. A proviso to rule 2 of the First Schedule, effective 1 April 2025, provides that any expenditure not admissible under section 37 in computing the profits ... Summary
Inclusion of non-deductible business expenditure: must be added to life insurance business profits from April 2025.
A proviso to rule 2 of the First Schedule, effective 1 April 2025, provides that any expenditure not admissible under section 37 in computing the profits and gains of a business shall be included in the profits and gains of a life insurance business.
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