https://www.taxtmi.com/forum/issue?id=120682 A ULIP issued on 28-09-2014 with sum assured below ten times the annual premium does not receive the policy-proceeds exemption. Policies issued before 1 February 2021 are not treated as capital assets except where specific provisos apply. Therefore the maturity gain (maturity proceeds minus premiums paid) is taxable as Income from Other Sources rather than as capital gains. en-us Wed, 31 Dec 2025 14:19:36 +0530 Fri, 02 Jan 2026 12:24:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120682 A ULIP issued on 28-09-2014 with sum assured below ten times the annual premium does not receive the policy-proceeds exemption. Policies issued before 1 February 2021 are not treated as capital assets except where specific provisos apply. Therefore the maturity gain (maturity proceeds minus premiums paid) is taxable as Income from Other Sources rather than as capital gains. Discussion-Forum Income Tax Wed, 31 Dec 2025 14:19:36 +0530 https://www.taxtmi.com/forum/issue?id=120682