https://www.taxtmi.com/acts?id=49950 A new deductible clause (ib) permits employers to deduct premiums paid by cheque for employees' health insurance under a scheme framed by the General Insurance Corporation of India and approved by the Central Government. Clause (viia) is rewritten to cap deductions for provisions for bad and doubtful debts: specified percentage limits apply to scheduled and non-scheduled banks with an additional specified limit tied to rural branch advances, while banks incorporated outside India are subject to a specified percentage limit of total income. en-us Sat, 01 Mar 2025 11:59:23 +0530 Sat, 01 Mar 2025 11:59:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49950 A new deductible clause (ib) permits employers to deduct premiums paid by cheque for employees' health insurance under a scheme framed by the General Insurance Corporation of India and approved by the Central Government. Clause (viia) is rewritten to cap deductions for provisions for bad and doubtful debts: specified percentage limits apply to scheduled and non-scheduled banks with an additional specified limit tied to rural branch advances, while banks incorporated outside India are subject to a specified percentage limit of total income. Act-Rules F. Acts / Amendment Acts Sat, 01 Mar 2025 11:59:23 +0530 https://www.taxtmi.com/acts?id=49950