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Lic - market plus investment

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(Querist)
07 January 2021 LIC- market plus is ULIP , which invest in share market. Please let me know the taxability of such ULIP when no sum is assured? and also if taxable under which head? at what rate?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
01 December 2021 Depends upon the type of policy. If equity more than 65%, You can declare it under Long Term Capital Gain.

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