I am an NRI and I had bought a ULIP in 2016 March. In 2022 I had claimed it and the insurance company charged me 30% tax +15% cess on the amount. Is this right I thought ULIPs purchased before 2021 were tax exempt.
Menu
TDS on ULIP for an NRI
Replies (1)
Yes it is right
Recent Topic
- Doubt regarding the purpose of Section 52(3) of Co
- 112 A Filling
- Long Term Capital Loss in ITR2
- LOAN INTEREST BENEFIT ON NEW TAX REGIME
- Retirement funds under new tax regime
- GTA Annexure V Non Compliance
- Calculation of Demand due to interest u/s 220(2)
- Legal profession business code in section 44ADA
- Whether Indexed Capital Loss Can Be Claimed Under
- Form 145 and 146 Foreign Remittance in Excel Forma
Related Topics
CAclubindia
