Respected Sir,
Please guide me on following.
NRI Invested 10 Lakh in single premium ULIP providing 12.50 Lakh insurance cover. in 2011.
When I encashed policy in November 2018 maturity is 1170773 and TDS deducted on whole maturity procedes 365281.
Now i need to pay tax on whole maturity amount ie. 1170773 or on gain 170773 ?
CAclubindia
