Section 55: Insurance business

The Income-tax Act, 2025Central Act · Act 30 of 2025

Insurance business.

Irrespective of anything to the contrary contained in the provisions of this Act for computing income under the head "Income from house property", "Capital gains" or "Income from other sources", or in section 390(5) and (6), or in sections 26 to 54, 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 as per the provisions of Schedule XIV.

Where this provision sits

Act	The Income-tax Act, 2025
Section	55
Marginal note	Insurance business
Jurisdiction	Central
Status	In force as published by the source

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