CA Inter doubt
Why is X exempt. ULIP premium if exceeds 2.5 lakh is taxable right?
Asked by Vedantika7 Sept 2024476 views
2 answers
Vedantika · 8 Sept 2024
O got it
Ashvath · 7 Sept 2024
The limit of 2.5 lakh is applicable only for the ULIP taken after 1/2/2023 The first ULIP was taken before the date specified, therefore would be taxable
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