Insurance business.
- Notwithstanding anything to the contrary contained in the provisions of this Act relating to the computation of income chargeable under the head "Interest on securities", "Income from house property", "Capital gains" or "Income from other sources", or in section 199 or in [sections 28 to 43-B] [ Substituted by Act 4 of 1988, Section 126, for certain words (w.e.f. 1.4.1989).], the profits and gains of any business of insurance, including any such business carried on by a mutual insurance company or by a co-operative society, shall be computed in accordance with the rules contained in the First Schedule.Previous
Sec 43D — [ Special provision in case of income of public financial institutions, public companies, etc. [ Substituted by Act 27 of 1999, Section 28, for Section 43-D (w.e.f. 1.4.2000).]
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Sec 44A — [ Special provision for deduction in the case of trade, professional or similar association. [Inserted by Act 5 of 1964, Section 11 (w.e.f. 1.4.1964).]
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