Profit on sale of ulip
This query is : Resolved
23 August 2012
WHAT WILL BE THE RATE OF TAX ON PROFITS ON SALE/MATURITY OF ULIP PLAN STATRED SINCE 5 YEARS BACK AND INSTALLMENTS WERE PAID EACH YEAR.IS THE GAIN EXEMPTED FORM TAX OR NOT.
23 August 2012
if it is long term, then it is exempt , otherwise not.
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