ULIP with annual premiums of over Rs 2.5 lakh to be taxed like equity MFs. Here’s what it means for policyholders
Budget 2025 has clarified that ULIPs where annual premiums exceed Rs 2.5 lakh a year or 10 percent of the sum assured will be ...
ndtvprofit11d
Budget 2025 And Income Tax: 10 Best Tax-Saving Investment Options For Women
Section 80C of the Income Tax Act provides tax benefit for equity-linked savings schemes. As the returns under the investment ...
Live Law3h
Income Tax Act | Offence Committee Before Show-Cause Notice Compoundable As Covered By 'First Offence' In Compounding Guidelines : Supreme Court
The Supreme Court on January 7 set aside the Gujarat High Court's judgment dated March 21, 2017, through which the rejection to the compounding application of the Appellant for the assessment ...
Big gain for NRIs: Finance Bill 2025 widens IFSC tax exemptions to include FPIs, boosting foreign investments
The Income-tax Act's section 10(4E) previously limited exemptions on income from derivative transactions to non-residents ...
A Guide to Tax Benefits on Term Insurance
If your annual taxable income is ₹10 lakh and you claim the full ₹1.5 lakh deduction, your taxable income reduces to ₹8.5 ...
Investopedia8d
What Is the Tax Cuts and Jobs Act (TCJA)?
The Tax Cuts and Jobs Act ... 10% standard rate of return is below 13.125%, the law taxes these excess returns at 21%, after a 50% deduction and a deduction worth 37.5% of FDII. This excess ...
Budget 2025: Relief for taxpayers to simplified TDS, 10 major Income Tax announcements by FM Nirmala Sitharaman
In Budget 2025, tax relief measures include raising the income tax rebate limit to ₹12 lakh and doubling senior citizens’ tax ...