Ulip taxation
This query is : Resolved
07 June 2021
Hi
I have ulip starting 2018. Paid 3 years premium. I want to discontinue ulip. Will fund value at end of lockin period be taxable or tax free?
Thanks,
Sohini
I have ulip starting 2018. Paid 3 years premium. I want to discontinue ulip. Will fund value at end of lockin period be taxable or tax free?
Thanks,
Sohini
24 September 2021
Its taxable ....
Minimum 5 years are required for any part of it to be taxfree.
Minimum 5 years are required for any part of it to be taxfree.
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
- Advantages and disadvantages new income tax act 2025 question
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
