What are the tax implications of the New ULIP after maturity or after surrender?
What are Tax implications of the New ULIP?
What are the tax implications of the New ULIP after maturity or after surrender?
http://www.policywala.com/showthread...-80C-80CCC-80DULIPs -
If you are looking for tax rebate under ULIPs policies, than you must note that you have a lock-in period of 5 years for 80C deduction purposes. So next time if any sales person tell you that just invest for 3 years, get good return and exit after 3 year. Think twice. Taxman will catch you.
Pension Funds -
The aggregate deduction under Sec. 80C and the contributions to annuity plans or pension funds under Sec. 80CCC or Sec. 80CCD should not exceed Rs. 1 lakh.
The maximum amount deductible under section 80C is Rs. 1,00,000. Also the total amount of deductions under sections 80C, 80CCC and 80CCD is Rs. 1,00,000.[
Make someone smile today!
| PolicyWala Rules | Register Free | Always TAG your threads | Like us at Facebook | Follow PolicyWala at Twitter | Tips for Writing Queries |
Main Change -Originally Posted by SushantJindal
Unit-linked insurance products (ULIPs) filed after September 30, 2009 will have a lock-in of five years.
Amit
Pls follow Rules/Guidelines @ PolicyWala
“The happiest people are not those who live on their own terms…but are those who change their terms for the ones whom they love”
Reply With Quote
