https://www.taxtmi.com/circulars?id=4862 Amendments provide a deduction for health insurance premiums: employers may deduct premiums paid by cheque for employee schemes approved through the General Insurance Corporation without a monetary ceiling, and a new individual deduction permits a limited annual deduction for premiums paid by cheque covering the assessee, spouse, dependent parents or children and certain small family entities. Bank bad debt provisions are split into a rural advances based cap and a separate cap based on total income applicable to all banks, and the deduction for profits from projects executed outside India is increased to encourage overseas projects. en-us Fri, 18 Jul 1986 00:00:00 +0530 Mon, 04 Aug 2008 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4862 Amendments provide a deduction for health insurance premiums: employers may deduct premiums paid by cheque for employee schemes approved through the General Insurance Corporation without a monetary ceiling, and a new individual deduction permits a limited annual deduction for premiums paid by cheque covering the assessee, spouse, dependent parents or children and certain small family entities. Bank bad debt provisions are split into a rural advances based cap and a separate cap based on total income applicable to all banks, and the deduction for profits from projects executed outside India is increased to encourage overseas projects. Circulars Income Tax Fri, 18 Jul 1986 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4862