TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Income Tax Bill 2025: Clause 30 Allows Deductions for Insurance Premiums Under Section 26</h1> Clause 30 of the Income Tax Bill, 2025, allows deductions for certain insurance premiums in computing business or professional income under section 26. Deductions include premiums paid by an assessee for insurance against damage to business stocks, by a federal milk co-operative for cattle insurance, and by employers for employee health insurance. The latter must be paid through non-cash methods under schemes approved by the General Insurance Corporation of India or other insurers sanctioned by the Insurance Regulatory and Development Authority. Clauses 30 to 32 also cover deductions for expenses on stock destruction, bad debts, employee bonuses, commissions, and interest on borrowed capital.
TaxTMI 
TaxTMI 
