https://www.taxtmi.com/acts?id=16296 The amendment restricts the insurance-premium deduction for policies issued on or after the later cutoff by applying the deduction only to that portion of a premium not exceeding a proportion of the actual capital sum assured, where that term means the minimum amount assured on occurrence of the insured event during the policy term and excludes returned premiums and any bonus or additional benefits. en-us Tue, 29 May 2012 11:58:53 +0530 Tue, 29 May 2012 11:58:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=16296 The amendment restricts the insurance-premium deduction for policies issued on or after the later cutoff by applying the deduction only to that portion of a premium not exceeding a proportion of the actual capital sum assured, where that term means the minimum amount assured on occurrence of the insured event during the policy term and excludes returned premiums and any bonus or additional benefits. Act-Rules F. Acts / Amendment Acts Tue, 29 May 2012 11:58:53 +0530 https://www.taxtmi.com/acts?id=16296