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View Full Version : ULIPs withdrawal tax free after 5 years!



most
02-05-2010, 05:59 PM
ULIPs are sold by saying that if you withdraw money after 3 years it will be taxfree and many of us also confuse it with ELSS and think that money is taxfree afer 3 years. But here is a thing to note that withdrawl from ulip before 5 years is taxable? Am I right here!

>take
02-05-2010, 07:53 PM
Yes, you are right. Withdrawal from ulip, before 5 years is taxable.