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Sch. I Part A Rule 1 – Income Tax Act, 1961

Income Tax Act, 1961

 

 

Sch. I Part A Rule 1. A LIFE INSURANCE BUSINESS PROFITS OF LIFE INSURANCE BUSINESS TO BE COMPUTED SEPARATELY.

 

In the case of a person who carries on or at any time in the previous years carried on life insurance business, the profits and gains of such person from that business shall be computed separately from his profits and gains from any other business.

 

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Income Tax Act, 1961 

 

Indian Laws – Bare Acts

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