Income Tax on ULIP Maturity Income Tax on ULIP Maturity

10 months ago

I purchased ULIP plan of SBI Life (No insurance) on 06 March 2007 with yearly premium Rs 60000 which was matured on 06 March 2022 with a fund value of Rs 2478000.I bought annuity of whole amount and getting monthly annuity of Rs 11907.What is tax liability on Fund value I.e Rs 2478000

Kishan Dutt Kalaskar

Responded 10 months ago

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A.Dear Sir,
This matter is purely related to financial and income tax as such it is better to consult any auditor or chartered accountant.
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