Capital Gains Tax To Be Applied On Redemption Of All ULIPs With A Premium Of More Than Rs 2.5 Lakh
The Union Budget announced that ULIPs with premiums below Rs 2.5 lakh will continue to remain tax-exempt under Section 10(10D). However, those exceeding Rs 2.5 lakh are taxed as capital gains under Section 112A
The Union Budget announced that ULIPs with premiums below Rs 2.5 lakh will continue to remain tax-exempt under Section 10(10D). However, those exceeding Rs 2.5 lakh are taxed as capital gains under Section 112A
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Subhashree
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