This amendment will take effect from the 1st day of April, 2026 and shall accordingly, apply in relation to the assessment year 2026-27 and subsequent assessment years. Clause 3 of the Bill seeks to ...
The Finance Bill 2025 proposes amendments to clarify the taxation of Unit Linked Insurance Policies (ULIPs). Under Section 10(10D) of the Income-tax Act, exemption on life insurance proceeds is ...
T he Finance Minister has clarified that Unit Linked Insurance Plans (ULIPs) on whom clause (10D) of section 10 does not apply is a capital asset. Accordingly any profit and gains ...
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