https://www.taxtmi.com/acts?id=10722 Amendment redefines profit before tax in First Schedule rule 5 to be the profit before tax and appropriations as shown in insurer profit and loss accounts prepared under applicable insurance statutes or regulatory frameworks, and adds a clause allowing deduction for write offs or provisions for investment diminution or realisation losses in accordance with regulatory investment rules, while requiring increases where accounts reflect appreciation or gains on realisation of investments under those same regulations. en-us Tue, 04 Aug 2009 17:45:40 +0530 Sat, 08 Aug 2009 14:20:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10722 Amendment redefines profit before tax in First Schedule rule 5 to be the profit before tax and appropriations as shown in insurer profit and loss accounts prepared under applicable insurance statutes or regulatory frameworks, and adds a clause allowing deduction for write offs or provisions for investment diminution or realisation losses in accordance with regulatory investment rules, while requiring increases where accounts reflect appreciation or gains on realisation of investments under those same regulations. Act-Rules F. Acts / Amendment Acts Tue, 04 Aug 2009 17:45:40 +0530 https://www.taxtmi.com/acts?id=10722