Page 20 - Section 80c News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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Updated Feb 10, 2021 | 12:15 IST In order to choose the best-suited product for yourself, you need to understand the merits and demerits of both products. Here are the merits and demerits of both ELSS and Ulip. Representational image  New Delhi: As the Union Budget 2021-22 has proposed to tax maturity proceeds of unit-linked insurance plans (Ulips) where the annual premium is more than Rs 2.5 lakh, the attractiveness of Ulips for high net worth individuals has ended. However, as Section 80C of Income Tax Act provides deductions up to Rs 1.5 lakh on both Ulips an...

Budget 2021: Insurance investments get a boost with FDI limit hiked to 74% This will be after the Insurance Laws (Amendment) Act is amended in the Parliament. February 01, 2021 / 04:09 PM IST Finance minister Nirmala Sitharaman said in her Union Budget 2021 speech that the foreign direct investment limit in the insurance sector will be hiked to 74 percent from 49 percent. This will be after the Insurance Laws (Amendment) Act 2015 and Insurance Act 1938 are amended in the Parliament. When the insurance sector was privatised in 2000, the FDI limit was fixed at 26 percent, which was then ra...

In a bid to encourage homebuyers, the Income-tax department has provided certain key benefits for availing of home loans. Know details before applying for a home loan

It’s time to increase the limit on Section 80C. Currently, this stands at Rs 1.5 lakh a year