https://www.taxtmi.com/acts?id=48433 The amendment expands the scope of section 45(1B) so that amounts received under a unit linked insurance policy to which the life insurance exemption does not apply, including bonuses, are chargeable as capital gains and deemed income of the previous year in which received, with taxable income calculated as prescribed; the change is effective from 1 April 2026 and applies to assessment year 2026 27 onwards. en-us Sat, 01 Feb 2025 14:31:08 +0530 Sat, 01 Feb 2025 14:31:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48433 The amendment expands the scope of section 45(1B) so that amounts received under a unit linked insurance policy to which the life insurance exemption does not apply, including bonuses, are chargeable as capital gains and deemed income of the previous year in which received, with taxable income calculated as prescribed; the change is effective from 1 April 2026 and applies to assessment year 2026 27 onwards. Act-Rules Bills Sat, 01 Feb 2025 14:31:08 +0530 https://www.taxtmi.com/acts?id=48433