Section 47 - Calculation of Profit of Certain Businesses
The profit of the business mentioned in column (2) of the table below shall be computed in accordance with the provisions of the schedule mentioned in column (3) of the table, namely:
Si. No. | Business | Schedule |
(1) | (2) | (3) |
1. | Insurance Business | Fourth Schedule |
2. | Ext-action and exploration of natural gas, petroleum or other minerals | Fifth Schedule |
Note: This is unofficial English translation. In the event of a conflict between the information on this website and the original Government publications or notifications of laws, rules, regulations, and SROs, the Government publications or notifications shall prevail. Moreover, as per Section 345(2) of the Income Tax Act 2023, if there is a conflict between the English and Bengali text, the Bengali text shall prevail.