I have purchased ULIP in August 2019, ie. before the Amendment effective on February 1, 2021. If I sell the ULIP afyer the lock-in-period of 5 years (ie. before the policy maturity period of 10 years), what will be the taxation rule under the new tax regime?
Menu
ULIP Taxation after 5 years
Replies (1)
It will be tax exempt.
Recent Topic
- Input tax credit under igst under insurance compan
- ITR Form to be used
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
Related Topics
CAclubindia
