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        Income Tax

        Rule 330 - Limits of reserve for unexpired risks

        Income-Tax Rules, 2026

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        Reserve for unexpired risks capped by net premium income for non-life insurance businesses, with carry-forward treatment for disallowed amounts. Limits are prescribed on the amount that may be carried to a reserve for unexpired risks in computing profits and gains from insurance business other than life insurance. The permissible reserve is capped by reference to net premium income, at 100% for fire insurance or engineering insurance covering terrorism risks, 50% for fire insurance and miscellaneous insurance other than those covered by the higher limit, and 100% for marine insurance, including export credit insurance. Amounts not allowable as a deduction in a tax year are not included in total income for the immediately succeeding tax year in the relevant revenue account. Net premium income means premium received less reinsurance premium paid.
                      Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                        Provisions expressly mentioned in the judgment/order text.

                            Reserve for unexpired risks capped by net premium income for non-life insurance businesses, with carry-forward treatment for disallowed amounts.

                            Limits are prescribed on the amount that may be carried to a reserve for unexpired risks in computing profits and gains from insurance business other than life insurance. The permissible reserve is capped by reference to net premium income, at 100% for fire insurance or engineering insurance covering terrorism risks, 50% for fire insurance and miscellaneous insurance other than those covered by the higher limit, and 100% for marine insurance, including export credit insurance. Amounts not allowable as a deduction in a tax year are not included in total income for the immediately succeeding tax year in the relevant revenue account. Net premium income means premium received less reinsurance premium paid.


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