I had sold an ULIP in Jan 2016 and incurred loss. What is the tax treatment ? Where can I show that loss ? I'm NRI.
Please suggest me on this...
Thanks in advance..
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Sold ulip in jan 2016. what is tax treatment ?
Replies (2)
Usually more than five years old policy, with less than 10% premium over assured amount; then totally exempt. If either of the condition not satisfied, it may become totally taxable.
Thank you Sir.
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