Reinsurance premiums paid to foreign reinsurers by an Indian insurer before amendments to the Insurance Act in 2014 cannot be considered as business expenditure, the Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled.
If you are already a subscriber
OR sign-up for a trial access here
Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.
more »
Brought to you by