RAHUL SHAW (47 Points)
06 May 2022
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 07 May 2022
Earlier any gains made on ULIPs were completely tax free, however, after the Budget 2021 proposal the maturity amount remains tax free only if the aggregate annual premium is up to Rs 2.5 lakh a year. If the annual premium goes above Rs 2.5 lakh then one has to pay capital gains tax on any income earned on it.
RAHUL SHAW
(47 Points)
Replied 10 May 2022
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
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