Tax on profits and gains of Life Insurance business - Section 115B

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..... s and gains of the life insurance business. the amount of income-tax with which the assessee would have been chargeable had the total income of the assessee been reduced by the amount of profits and gains of the life insurance business. The assessee shall, in addition to the payment of income-tax computed above shall deposit, an amount equal to thirty-three and one-third per cent of the amount of .....

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