How will ULIP maturity proceeds be taxed ?
This query is : Resolved
13 August 2021
I purchased ULIP worth 5 lacs in aug 2011 (single premium), with an insured amt of 6.25 lacs
It got matured in mar 2021 and i got 11 lacs
How will this gain of 6 lacs be taxed - "income from capital gains" or " income from other sources"
If "income from capital gains" - then how much % tax ? and is indexation applicable ? which ITR i need to file ?
It got matured in mar 2021 and i got 11 lacs
How will this gain of 6 lacs be taxed - "income from capital gains" or " income from other sources"
If "income from capital gains" - then how much % tax ? and is indexation applicable ? which ITR i need to file ?
11 September 2021
Income From Other Sources.
File ITR 2.
File ITR 2.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Income Tax Return under Old Regime for A.Y. 2025-26
- Clarification on Monthly Reset of Invoice Serial Numbers under GST
- RENTAL INCOME-GST
- Strange tax problem
- Appropriate IT return form
- Disturbing entry reflected in AIS increasing scope of notice u/s 69
- Capital gains-3.7.25
- GST Registration in two different states is required or not
- IT Return - other income
- TCS on travel expesnes
- Ads/tcs applicability on purchase of jewelry
- TDS FILING FOR LOCAL AUTHORITY
- HSN CODE AND GST RATE FOR IDOLS
- ANNUAL RETURN OF COMPOSITION DEALERS
- Amendment in E-Invoicing
- Data Error in Offline Utility of GSTR1
- Regarding additional late filing fees under TDS return intimation
- Penalty and interest rate by gst department for delayed payments
- Reversal and Reclaim issues
- F & O TURNOVER CALCULATION FOR TAX AUDIT
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through AI Tools
CA Deepak Gupta15 July 2025
CAclubindia
