https://www.taxtmi.com/acts?id=11714 Deductions for computing income from residuary sources comprise allowable expenditures incurred wholly and exclusively for earning residuary income, specified statutory deductions such as a capped family pension allowance, repayment of leasing advances on repayment, and limited deductions for insurance policy receipts; a fifty percent deduction applies for a specified income category with exclusivity, while personal expenses, certain taxes, and cash payments above a prescribed threshold are disallowed, and "capital sum assured" for life insurance is defined for these rules. en-us Thu, 16 Sep 2010 18:53:19 +0530 Fri, 17 Sep 2010 13:30:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11714 Deductions for computing income from residuary sources comprise allowable expenditures incurred wholly and exclusively for earning residuary income, specified statutory deductions such as a capped family pension allowance, repayment of leasing advances on repayment, and limited deductions for insurance policy receipts; a fifty percent deduction applies for a specified income category with exclusivity, while personal expenses, certain taxes, and cash payments above a prescribed threshold are disallowed, and "capital sum assured" for life insurance is defined for these rules. Act-Rules Bills Thu, 16 Sep 2010 18:53:19 +0530 https://www.taxtmi.com/acts?id=11714