Reinsurance Cession Disallowance Deleted and 60% Depreciation Allowed on Independent Business Computer Software
Reinsurance Cession Disallowance Deleted and 60% Depreciation Allowed on Independent Business Computer Software Issue Whether an Assessing Officer can disallow reinsurance premiums exceeding regulatory limits when IRDAI raises no objection, and whether standalone business software qualifies for depreciation under the higher rate for “Computers including Computer Software”. Facts Reinsurance Premium Disallowance: The assessee, a general… Read More »