LIFE INSURANCE BUSINEE- LOSS OF EXEMPTED SCHEMES ALLOWED- supports views of author that loss of LTCG (with STT) is loss eligible for set off and carry forward.

LIFE INSURANCE BUSINEE- LOSS OF EXEMPTED SCHEMES ALLOWED- supports views of author that loss of LTCG (with STT) is loss eligible for set off and carry forward. https://www.taxtmi.com/article/detailed?id=1393 The High Court held that exemption of positive income from a pension fund was intended to promote such schemes and did not remove the fund from the insurer's business for purposes of computing actuarial valuation surplus; accordingly the actuary was justified in excluding the pension fund's loss when determining actuarial valuation surplus under the insurance profit computation rules. en-us Thu, 18 Aug 2011 05:40:31 +0530 Thu, 18 Aug 2011 05:40:31 +0530 TaxTMI RSS Generator LIFE INSURANCE BUSINEE- LOSS OF EXEMPTED SCHEMES ALLOWED- supports views of author that loss of LTCG (with STT) is loss eligible for set off and carry forward. https://www.taxtmi.com/article/detailed?id=1393 The High Court held that exemption of positive income from a pension fund was intended to promote such schemes and did not remove the fund from the insurer's business for purposes of computing actuarial valuation surplus; accordingly the actuary was justified in excluding the pension fund's loss when determining actuarial valuation surplus under the insurance profit computation rules. Articles Income Tax Thu, 18 Aug 2011 05:40:31 +0530 https://www.taxtmi.com/article/detailed?id=1393