Insurance sector rules permit outsourcing costs absent formal regulatory penalties, and Section 44 overrides standard Section 14A exempt income disallowances.
Insurance sector rules permit outsourcing costs absent formal regulatory penalties, and Section 44 overrides standard Section 14A exempt income disallowances. Issue Whether the outsourcing fees paid to service aggregators by an insurance firm can be disallowed under Explanation 1 to Section 37(1) as an “expenditure prohibited by law” without an official regulatory finding of a… Read More »