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Exemption u/s 10 (10d)

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(Querist)
03 January 2012 What is tax treatment for amount received on maturity of ICICI-ULIP and Kotak-ULIP?

Please tell me urgently. Because I want to file Income Tax Return of my client?
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vipul Shah

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vipul Shah (Expert)
03 January 2012 If it is sold within i yr of purchase then STCG @ 15% is payable.
If it is sold after 1yr form the date of purchase then exempt as STT paid at the time of transfer.

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