Perquisite taxation: insurance regulator now treated like Central Government for specified proviso clauses, extending identical perquisite treatment. The amendment inserts the Insurance Regulatory and Development Authority after the words 'Central Government' in the proviso to clause (2) of section 17, in proviso clauses (iii) and (iv), thereby extending to the regulator the same proviso-based perquisite treatment accorded to the Central Government; the insertion is operative from the stated fiscal implementation date and is strictly limited to those sub-clauses.
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Perquisite taxation: insurance regulator now treated like Central Government for specified proviso clauses, extending identical perquisite treatment.
The amendment inserts the Insurance Regulatory and Development Authority after the words "Central Government" in the proviso to clause (2) of section 17, in proviso clauses (iii) and (iv), thereby extending to the regulator the same proviso-based perquisite treatment accorded to the Central Government; the insertion is operative from the stated fiscal implementation date and is strictly limited to those sub-clauses.
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