https://www.taxtmi.com/manuals?id=1950 Receipts under Unit Linked Insurance Plans that do not qualify for the policy exemption are chargeable as capital gains; taxable income is computed in the prescribed manner with first-time receipts measured as consideration (including bonuses) less aggregate premiums paid and subsequent receipts adjusted for amounts and premiums already taxed. Death benefits remain exempt irrespective of premium limits. The provision applies where exemption is inapplicable, including under aggregate-premium tests and other premium thresholds, and distinguishes equity and debt ULIP holding-period treatments. en-us Thu, 09 Feb 2023 17:40:00 +0530 Mon, 21 Jul 2025 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1950 Receipts under Unit Linked Insurance Plans that do not qualify for the policy exemption are chargeable as capital gains; taxable income is computed in the prescribed manner with first-time receipts measured as consideration (including bonuses) less aggregate premiums paid and subsequent receipts adjusted for amounts and premiums already taxed. Death benefits remain exempt irrespective of premium limits. The provision applies where exemption is inapplicable, including under aggregate-premium tests and other premium thresholds, and distinguishes equity and debt ULIP holding-period treatments. Manuals Income Tax Thu, 09 Feb 2023 17:40:00 +0530 https://www.taxtmi.com/manuals?id=1950