Premature surrender of ULIPs is a transaction in an actionable claim, not a taxable service, even before July 1, 2012.

Premature surrender of ULIPs is a transaction in an actionable claim, not a taxable service, even before July 1, 2012. https://www.taxtmi.com/highlights?id=44538 Pre-mature surrender/discontinuance of ULIP - the transaction in question is not a service at all but the transaction in a actionable claim hence could not have been by any stretch of imagination covered under any of the specified taxable heads of service even for the period prior to 01.07.2012 en-us Sat, 16 Feb 2019 10:13:30 +0530 Sat, 16 Feb 2019 10:13:30 +0530 TaxTMI RSS Generator Premature surrender of ULIPs is a transaction in an actionable claim, not a taxable service, even before July 1, 2012. https://www.taxtmi.com/highlights?id=44538 Pre-mature surrender/discontinuance of ULIP - the transaction in question is not a service at all but the transaction in a actionable claim hence could not have been by any stretch of imagination covered under any of the specified taxable heads of service even for the period prior to 01.07.2012 Highlights Service Tax Sat, 16 Feb 2019 10:13:30 +0530 https://www.taxtmi.com/highlights?id=44538