CA Day celebration 2024 Easy Office
LCI Learning

Taxability of Ulip

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 January 2011 Will Maturity proceeds of ULIP attract tax or not? The investment is made in the year 1995 with UTI.

Thanking you

Ramana
Profile Image

CA Shailesh Kumar Bhagat

Profile Image

CA Shailesh Kumar Bhagat (Expert)
24 January 2011 On the maturity of ULIP in your case, no income tax is leviable.
Profile Image

sivasankar

Profile Image

sivasankar (Expert)
25 January 2011 Hi,there should be gap of five years between the date of investment and withdrawal.Hence in your case its tax free.enjoy
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CA Day celebration 2024 with Tally CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links