How will ULIP maturity proceeds be taxed ?
This query is : Resolved
Aman Prabhakar
(Querist)
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 ?
Dhirajlal Rambhia
(Expert)
11 September 2021
Income From Other Sources.
File ITR 2.
File ITR 2.
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