Determination of income u/s 44 - Taxing the income arising on ...

Income Calculation for Life Insurers: Combine Shareholders' and Policyholders' Accounts u/s 44 of Income Tax Act.

January 12, 2023

Case Laws Income Tax AT

Determination of income u/s 44 - Taxing the income arising on account of shareholders profits - where the assessee company was engaged only in life insurance business and was not carrying on any other business, surplus or deficit as per shareholders account is to be aggregated with surplus or deficit with policyholders account for the purpose of determining the Profit & Loss Account of an assessee engaged in life insurance business u/s 44 of the Act. - AT

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Determination of income u/s 44 - Taxing the income arising on ...

Income Calculation for Life Insurers: Combine Shareholders' and Policyholders' Accounts u/s 44 of Income Tax Act.

January 12, 2023

Case Laws Income Tax AT

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