https://www.taxtmi.com/acts?id=46446 Computation of profits of life insurance business is to be the annual average of the surplus arrived at after adjusting the surplus or deficit disclosed by the actuarial valuation made under the Insurance Act, 1938, in respect of the last inter-valuation period ending before the commencement of the assessment year, excluding any surplus or deficit included therein from earlier inter-valuation periods; rule 3 is omitted and clauses (i) and (iii) of sub-rule (1) of rule 7 are deleted. en-us Thu, 19 Dec 2024 18:25:26 +0530 Thu, 19 Dec 2024 18:25:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46446 Computation of profits of life insurance business is to be the annual average of the surplus arrived at after adjusting the surplus or deficit disclosed by the actuarial valuation made under the Insurance Act, 1938, in respect of the last inter-valuation period ending before the commencement of the assessment year, excluding any surplus or deficit included therein from earlier inter-valuation periods; rule 3 is omitted and clauses (i) and (iii) of sub-rule (1) of rule 7 are deleted. Act-Rules F. Acts / Amendment Acts Thu, 19 Dec 2024 18:25:26 +0530 https://www.taxtmi.com/acts?id=46446