https://www.taxtmi.com/article/detailed?id=1403 Provisioning for a solvency margin made pursuant to binding directions of the insurance regulator to meet a identified deficiency, retained in the policyholders' fund and prohibited from distribution, functions as a mandated allocation that reduces actuarial valuation surplus; under Rule 2 of the First Schedule (computation of life-insurance profits) such regulator-required, non-distributable reserves are to be treated as adjustments to the actuarial surplus rather than as unascertained liabilities. en-us Thu, 25 Aug 2011 23:22:39 +0530 Thu, 25 Aug 2011 23:22:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1403 Provisioning for a solvency margin made pursuant to binding directions of the insurance regulator to meet a identified deficiency, retained in the policyholders' fund and prohibited from distribution, functions as a mandated allocation that reduces actuarial valuation surplus; under Rule 2 of the First Schedule (computation of life-insurance profits) such regulator-required, non-distributable reserves are to be treated as adjustments to the actuarial surplus rather than as unascertained liabilities. Articles Income Tax Thu, 25 Aug 2011 23:22:39 +0530 https://www.taxtmi.com/article/detailed?id=1403