https://www.taxtmi.com/acts?id=39366 Amendment to section 97 expands the definition of taxable securities transaction to include sale, surrender or redemption of units of an equity oriented fund to an insurance company on maturity or partial withdrawal under a unit linked insurance policy issued on or after 1st February, 2021, and adds clause (13A) defining unit linked insurance policy by reference to Explanation 3 of clause (10D) of section 10 of the Income-tax Act, 1961; the amendment is retrospective to 1st February, 2021. en-us Mon, 01 Feb 2021 18:24:31 +0530 Thu, 04 Feb 2021 15:54:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39366 Amendment to section 97 expands the definition of taxable securities transaction to include sale, surrender or redemption of units of an equity oriented fund to an insurance company on maturity or partial withdrawal under a unit linked insurance policy issued on or after 1st February, 2021, and adds clause (13A) defining unit linked insurance policy by reference to Explanation 3 of clause (10D) of section 10 of the Income-tax Act, 1961; the amendment is retrospective to 1st February, 2021. Act-Rules Bills Mon, 01 Feb 2021 18:24:31 +0530 https://www.taxtmi.com/acts?id=39366