Budget 2025: ULIPs to which exemption under clause (10D) of section 10 does not apply, is a capital asset and any profit and gains from the redemption of ULIPs to which exemption under clause (10D) of section 10 does not apply, will be charged to tax as capital gains, clarified Budget 2025. Read below to know more about Unit Linked Insurance Plans (ULIPs).
