hi friends
i have a query regarding ulip bonus units.
i want 2 know whether the bonus units allotted in ULIP sheme is taxable or not on maturity.
if yes, under which section and by which rate.
pls rply soon
hi friends
i have a query regarding ulip bonus units.
i want 2 know whether the bonus units allotted in ULIP sheme is taxable or not on maturity.
if yes, under which section and by which rate.
pls rply soon
yes it is taxable as normal capital gain
cost of bonus units will be nil
CAclubindia
