What is section 44 of IT Act 1961-2020?
Section 44 of IT Act 1961-2020 provides for Insurance business. Recently, we have discussed in detail section 43D (Special provision in case of income of public financial institutions, public companies, etc) of IT Act 1961. Today, we learn the provisions of section 44 of Income-tax Act 1961.
What is section 43d of the Income Tax Act 1961?
Chapter IV (Sections 14 to 59) of the Income Tax Act 1961 deals with the provisions related to computation of total income. Section 44 of IT Act 1961-2020 provides for Insurance business. Recently, we have discussed in detail section 43D (Special provision in case of income of public financial institutions, public companies, etc) of IT Act 1961.