https://www.taxtmi.com/manuals?id=1950 Capital gains tax applies to profits or gains arising on receipt of any amount, including bonus, from a non-exempt specified unit linked insurance policy, and the receipt is deemed to be income of the year in which the amount is received. The taxable amount is computed by prescribed formulae, using the amount received and aggregate premiums paid, with a separate method for first and subsequent receipts to avoid double deduction of premiums. en-us Thu, 09 Feb 2023 17:40:00 +0530 Tue, 02 Jun 2026 16:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1950 Capital gains tax applies to profits or gains arising on receipt of any amount, including bonus, from a non-exempt specified unit linked insurance policy, and the receipt is deemed to be income of the year in which the amount is received. The taxable amount is computed by prescribed formulae, using the amount received and aggregate premiums paid, with a separate method for first and subsequent receipts to avoid double deduction of premiums. Manuals Income Tax Thu, 09 Feb 2023 17:40:00 +0530 https://www.taxtmi.com/manuals?id=1950