One of the most talked about changes that was brought in the Union Budget 2023 was for the insurance sector where insurance policies with aggregate premiums above Rs. 5 lakh will be taxable.
It is important for individuals to be aware of the changes in tax laws pertaining to life insurance policies and take steps to minimize the impact of these changes on their investment plans. Seeking the guidance of a financial advisor can be helpful in choosing the right insurance policy and investment strategy to achieve financial goals while minimizing tax liabilities.
Currently, all investments made in non-linked saving insurance […]
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