Withdrawl from ULIP
This query is : Resolved
24 January 2011
Sir,
I would like to know whether Part or full withdrawl of money invested in ULIP is taxable in the year of withdrawl.
I would like to know whether Part or full withdrawl of money invested in ULIP is taxable in the year of withdrawl.
25 January 2011
Dear Hemanth,
The part or full withdrawal from a ULIP before the maturity date will be taxable in the year of withdrawal.
Please feel free to ask if you have any more questions.
The part or full withdrawal from a ULIP before the maturity date will be taxable in the year of withdrawal.
Please feel free to ask if you have any more questions.
Message likes :
1 times
25 January 2011
Bajaj Ji
What will be the Income tax effect ,if withdrawn after five years of paying contribution. Pl view the situation as a corollary to section 80C (5)(ii) of the Income tax Act,1961.
What will be the Income tax effect ,if withdrawn after five years of paying contribution. Pl view the situation as a corollary to section 80C (5)(ii) of the Income tax Act,1961.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- TDS NUMBER SURRENDER
- Offsetting interest income against derivative trading losses
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Application of 115BAC
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
