https://www.taxtmi.com/acts?id=40438 Capital gains on amounts received under a specified unit linked insurance policy, including bonus, are computed under a special formula for section 45(1B). The first receipt is calculated as the amount received minus premium paid up to that date. Later receipts are calculated by excluding amounts and premium already considered in earlier years. The computed capital gains are deemed to arise from transfer of a unit of an equity oriented fund under an insurance company scheme. en-us Wed, 19 Jan 2022 11:37:06 +0530 Mon, 18 May 2026 15:48:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40438 Capital gains on amounts received under a specified unit linked insurance policy, including bonus, are computed under a special formula for section 45(1B). The first receipt is calculated as the amount received minus premium paid up to that date. Later receipts are calculated by excluding amounts and premium already considered in earlier years. The computed capital gains are deemed to arise from transfer of a unit of an equity oriented fund under an insurance company scheme. Act-Rules Income Tax Wed, 19 Jan 2022 11:37:06 +0530 https://www.taxtmi.com/acts?id=40438