Good Afternoon
I started a ULIP of 50000 each year in 2013 and after six years in 2019, I redeemed it and get 300,000.
How much it should be taxable and I should include it in my ITR
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ULIP Redemption
Replies (1)
ULIP redemption shall be exempt from tax if the conditions mentioned under the Income tax act are fulfilled regarding the annual premium paid.
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