I am investing 4000 Rs. in ULIP OF UTI .it well get matured on 30-5-2006.What will be tax implications?



i have invested annual amount of 4000 for last 15 years .no income has been taken in my income tax return up till now

1.what will be the tax treatment on maturity?
2.will it attract capital gains tax

One Reply to “I am investing 4000 Rs. in ULIP OF UTI .it well get matured on 30-5-2006.What will be tax implications?”

  1. Since the budget of 2005, there are no taxes on LONG term capital gains. Long term is defined as 1 year or more. So, no capital gains tax if you invested more than a year back.





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