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ULIP maturity whether taxable??
The income earned from maturity of ULIP whether it is taxable or exempted???
Replies (4)
Exempt
might be exempted
ULIP contains two parts one investement in units and other invested for life insurance. The maturity value of units is to be checked if long term or short term capital gain, then check if STT is paid, and accordingly would be taxable.
sanjeev Jain
vibcondelhi @ indiatimes.com
permit me for little correction in reply of snajeev jain. that minimum period of holding of ULIP are 5 years so automatically units will become under long term capital gain . so exempt thanks
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