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Insurance Business Can Claim Tax Exemptions for Interest, Dividend, and Pension Surplus Under Specific Sections.

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Full Text of the Document

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....Benefit exemption from income tax - insurance business - the assessee is entitle to claim exemption under section 10(15) towards interest income from tax free bonds, under section 10(34) towards dividend income and under section 10(23AAB) towards surplus of Participating Pension Business. - AT....

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