Clarity on Taxation of ULIPs: Amendments to Section 10(10D) and Capital Gains Tax on Redemption

Last updated: 01 February 2025

Bringing clarity in income on redemption of Unit Linked Insurance Policy Clause (10D) of section 10 provides for income-tax exemption on the sum received under a life insurance policy, including bonus on such policy. There is a condition that the premium payable for any of the years during the term

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Category Union Budget   Report

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