• Shubham Mishra

Section 44 of Income Tax Act, 1961: Insurance Business

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The profits and gains of any insurance business, including any such business carried on by a mutual insurance company or by a co-operative society, shall be computed in accordance with the provisions of Section 199 of this Act and Sections 28 to 43B, 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,"

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