Budget 2025 clarifies capital gains tax on ULIPs with high premiums
Finance Minister Nirmala Sitharaman has provided further clarity on the taxation of ULIP (Unit Linked Insurance Plan) policies with high premiums. As per the Budget 2025 ULIPs with annual premiums exceeding Rs 2.5 lakh will now be taxed as capital gains. The amendment will be effective from April 1, 2026. Long-term gains (from policies held … Read more