News From Press Tax arbitrage on GIFT City Ulips for NRIs

Tax arbitrage on GIFT City Ulips for NRIs

Source: Financial Express Feb 10, 2025

The budget has created a tax arbitrage for non-resident Indians (NRIs) investing in unit-linked insurance plans (Ulips) through International Financial Services Centre (IFSC). While resident Indians will have to pay tax at 12.5% on the profits if the annual premium is above Rs 2.5 lakh, NRIs investing from the GIFT City will be exempt from tax.

Click here for more

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

More articles you may wish to read

Master Trust Applies For Sebi Approval To Launch Mutual Fund Business

SBI Mutual Fund launches AI chatbot ‘SmartAssist’ for WhatsApp-based investing

Defence mutual funds gain up to 39% in 3 months. Should you join the rally or stay cautious?

AU Small Finance Bank partners with LIC to broaden life insurance reach

Confused about investment in stocks, gold & silver? Simplify it with multi-asset mutual funds!

Warren Buffett’s 7 golden rules for mutual fund investors

Should you keep investing? Here’s what market data says

Gen Z shows more interest in SIPs, but millennials prefer protection tools like health & term insurance: Survey

11 equity mutual funds multiply investors’ lumpsum investment by over 4.3 times in 5 years

A ready guide to investing into Dynamic Asset Allocation Funds

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

POLL

MORE POLLS

How will the US tariffs impact the Indian economy over one year?

Indian economy will be negatively impacted

There will be little or no impact on Indian economy

Indian economy will be positively impacted

EVENTS