« General » Open DEMAT Account in 24 hrs  Advance Tax Paid, Do You Still Need To File ITR? Check Details Here  Centre seen to have met FY24 gross tax target  6 income tax rules that salaried should know as financial year 2024-25 starts from today  How to calculate income tax on stock market gains along with your salary?  Moonlighting for Additional Income? Know Its Tax Implications  Have you claimed education cess? Be prepared to pay tax as per the new rules  Reserve Bank - Integrated Ombudsman Scheme, 2021 (RBIOS, 2021)  How is tax computed for selling a house?  How much tax do you pay on equity investments?  Fuel taxes: Centre s gains striking since FY16  Tax rules for NRIs on sale of assets located in India «  RBI ISSUES NEW VALUATION NORMS FOR INSURERS TOO... INVESTORS WILL STILL INVEST IN ULIPS: LIC... » LIC HOPES ULIPS WILL CONTINUE TO BE TAX-EXEMPTED IN DTC REGIME June, 25th 2010 The head of the countrys largest insurer Life Insurance Corporation of India (LIC) is optimistic that unit-linked plans (Ulips) will continue to be tax-exempt despite the revised proposals of the Direct Tax Code (DTC) calling for taxation of the product. Currently Ulips, which account for nearly 80 percent of the new premium collections, and other insurance schemes like endowment plans, money-back and wholelife policies are treated on a EEE (exempt, exempt, exempt) format implying that the subscriber to these products does not pay taxes either at the time of paying the premium, receiving interest or at the time of withdrawing. Ulips are considered as hybrid products incorporating investment and insurance cover as traits.