Tag Archives: Sum received under ULIP linked life insurance policies

Rationalisation of exempt income under life insurance policies

By | February 2, 2023

Rationalisation of exempt income under life insurance policies BUDGET 2023-24 MEMORANDUM EXPLAINING THE PROVISIONS IN THE FINANCE BILL, 2023 Clause (10D) of section 10 of the Act provides for income-tax exemption on the sum received under a life insurance policy, including bonus on such policy. There is a condition that the premium payable for any… Read More »