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Ca Raksha Agarwal

Latest Posts by Ca Raksha Agarwal

No tax exemption on Ulips with yearly premium above ₹2.5 lakh

February 6, 2021 2481 Views 0 comment Print

ULIP is a Unit Linked Insurance Policy. Until 31.1.21,all amount received with respect to ULIP on maturity/death/withdrawal is totally exempt u/s 10(10)(D). But in Budget 2021-22, an amendment has been introduced. So following points need to be considered w.e.f.1.2.21: 1. W.e.f.1.2.21 if any person takes a ULIP wherein the total premium for the policy is […]

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