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Taxing Tag

Insurance, Mutual Fund, Mutual Funds

Will Taxing High-Value Insurance Benefit Debt Mutual Funds?

byfintooMarch 24, 2023

Life insurance has always been a preferred investment option for all people due to the financial security it offers to a family after the demise of the policyholder. It also becomes ideal for people with a conservative risk profile. In the budget 2023, it was announced that high-value insurance purchases would henceforth be taxed with effect from 1st April 2023. This newly introduced...