The gain from the ULIP policy will be taxed under Section 112 as long-term capital gains after applying indexation on the single premium paid. It cannot be taxed under the head 'Income from other sources'
Income tax news: How the profits on redemption of ULIP policies are taxed?
livemint.com - 21 Jul 2023 08:14
The gain from the ULIP policy will be taxed under Section 112 as long-term capital gains after applying indexation on the single premium paid. It cannot be taxed under the head 'Income from other sources'
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