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Clear AllSince the ULIPs won't save any tax under the DTC, insurance companies should allow customers to withdraw without suffering losses…
Assuming that the new tax law gets passed in the current session of the parliament, the Direct Tax Code will come into effect from April 1, 2012. The new tax law completely changes the kind of tax-break investments that are available to individual investors, the biggest change being that ELSS mutual funds, ULIPs and the NSC will no longer save you any tax. Of these three, ELSS funds and N
This article was originally published on December 21, 2011.
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