Exemption u/s 10 (10d)
This query is : Resolved
ritesh bhattad
(Querist)
03 January 2012
What is tax treatment for amount received on maturity of ICICI-ULIP and Kotak-ULIP?
Please tell me urgently. Because I want to file Income Tax Return of my client?
Please tell me urgently. Because I want to file Income Tax Return of my client?
vipul Shah
(Expert)
03 January 2012
If it is sold within i yr of purchase then STCG @ 15% is payable.
If it is sold after 1yr form the date of purchase then exempt as STT paid at the time of transfer.
If it is sold after 1yr form the date of purchase then exempt as STT paid at the time of transfer.
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