ULIPs now taxable like mutual funds!
Finance Bill 2021-22 has proposed to tax gains from ULIP with a premium of more than Rs. 2.5 lakh per year to remove the disparity relative to mutual funds. This means from Feb 1st 2021 if you buy a new ULIP with a premium of more than Rs. 2.5 lakhs the maturity proceeds will be…
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