https://www.taxtmi.com/acts?id=53355 Capital gains arising on receipt of amounts under a specified unit-linked insurance policy, including bonus, are computed under prescribed formulae depending on whether the amount is received for the first time during the tax year or on subsequent receipts. For the first receipt, the amount received is reduced by the aggregate premium paid up to that date; for later receipts, amounts already considered in earlier years and the corresponding premium already accounted for are excluded. The resulting capital gains are deemed to arise from transfer of a unit of an equity-oriented fund under an insurance company scheme. en-us Fri, 20 Mar 2026 17:48:35 +0530 Mon, 06 Apr 2026 14:12:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53355 Capital gains arising on receipt of amounts under a specified unit-linked insurance policy, including bonus, are computed under prescribed formulae depending on whether the amount is received for the first time during the tax year or on subsequent receipts. For the first receipt, the amount received is reduced by the aggregate premium paid up to that date; for later receipts, amounts already considered in earlier years and the corresponding premium already accounted for are excluded. The resulting 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 Fri, 20 Mar 2026 17:48:35 +0530 https://www.taxtmi.com/acts?id=53355