https://www.taxtmi.com/article/detailed?id=9733 ULIP maturity or surrender proceeds where a small portion funds life cover and the balance represents invested units should be treated as capital gains. Assessing officers must take the realised amount on maturity as sale consideration and allow deduction of the cost of the units (including indexation where applicable) when computing capital gains, rather than treating the entire receipt as ordinary income and denying invested amounts. en-us Fri, 02 Apr 2021 10:53:32 +0530 Fri, 02 Apr 2021 10:53:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9733 ULIP maturity or surrender proceeds where a small portion funds life cover and the balance represents invested units should be treated as capital gains. Assessing officers must take the realised amount on maturity as sale consideration and allow deduction of the cost of the units (including indexation where applicable) when computing capital gains, rather than treating the entire receipt as ordinary income and denying invested amounts. Articles Income Tax Fri, 02 Apr 2021 10:53:32 +0530 https://www.taxtmi.com/article/detailed?id=9733