This budget amd gov is more focused on closing loop holes in existing system, they didn't increase tax just bcz they will gain from this..tht is a good news for honest citizens
Closing loop holes for only salaried persons only. Not for businessman. First income then advance tax through tcs. Uskebad kuch saving Karo to uspe bhi tax. Wah... epf me tax mutual fund me tax, short n long term capital gain me tax, Ulip pe tax. But speculating is free. Futures n option trades will not be audited under 10 crore turnover ..😂😂😂😂
ULIP are basically scam.. I invested 1.7 lakhs for 15 months with very poor returns even though market was good and then realized most of my money are going to charges and commissions. They should ban these
@@amrutakoli6992 Insurance is most important , The day a person starts earning the one should first take a health insurance and a term insurance . But again insurance is not at all for investment . Insurance and investment should always be saperate. It's my opinion
All the npa's of the banks will be bought by this bad bank ,so that banks will be free from npa. This bad bank after buying the npa's from banks it will take care of restructuring reconstruction and auction....etc
Does the 2.5L is inclusive of the 2.5L for PF/VPF that was just announced for this 10(10D) section or is this 2.5L separate from the 2.5L for PF/VPF that was announced?
Sir, What if the existing ULIP? And the policy premium is paid every year. is it consider as new investment on existing policy ? And budget is applicable? Or the budget is applicable to new policy taken in 2021-22?
If say , Mr. X invest 5L in one ULIP For 10 yrs & on 50L , maturity rec'd is say 70L , then only 10L will bcm taxable ???? And also 1L basic Limit , So Tax will be on 9L@10% , Right ????
Video Request : Can you put out a LIFE insurance and General Insurance Sector analysis video their business model and all the things to keep an eye on P&L and balance sheets
Can you make a video on how to save tax on long term gain? I hv heard we can sell our share after an year up to 1 lakh of gain and buy it again after 2 days. that way we can save that years tax? please help
Sir I have one doubt.. Why reserves and surplus are counted in liabilities and not in assets.. Because reserves and surplus are just like cash which can be used anytime
Dear Sir, Thank you for the bunch of information. I have 1 query please help me out in this ... My client bought 5 Plans of LIC 3 Plan of Rs. 1 Lakh Premium in 2011 - LIC Endowment plus 2 Plan of Rs. 6 lakh premium in 2011 - LIC Samridhi Plus plan ( ulip) total premium paid in 2011 is Rs. 15 lakh & sales premature in 2017 with Profit of Rs. Rs. 12 lakh (15+12=27 Lakh sale) Is this amount is taxable in the hands of assessee in year 2017/18 ? If yes then at the slab rate taxable or taxable in capital gain ?
Sir please share your thoughts on Tata Power. Is it good to buy at this point of time and what are the growth prospectus in the Future. A proper Fundamental and Comparative covering all the points in a video is required. Thank You for encouraging us to become an investor.
We start invested 3lakh per year for 5 years since 2013 . Total premium paid 15 lakh and sum assured is 7 times of fyp, after 8th Yr fund value is 30Lakh . If I withdraw this amount now then please tell me tax liability .
@@ParimalAde thanks👍 So if I withdraw my ulip after 60 months I will get 100% of fund value as on date of surrender and entire amt will be non taxable along with interest earned for 5 years
Sir can you tell me about ulip taxation for the following situation : How tax will be calculated if anyone surrender ulip before locking period and the person has not taken any 80c tax benifits
Have taken SBI Smart privilege plan 6 lakhs premium for five years.. term is 15 years. Premium taken and waiting for documents. Have free look period of 15 days.. should I cancel it..please help🙏🙏
Is there anything left which is not taxable, let the team who prepares and proposes and then adds into budget know if anything is missing.. epf amount also they kept ceiling and they reduced it to 1.5 laks from 7.5 lakhs and taxable over that limit , they brought term policies under GST and I started paying more for same cover , no other option just accept and pay the taxes . Jai Hind!!!
One of my friend had following query : Tax implications regarding surrender value of ULIP policy. Policy term : 10 years Premium term :5 years Lock in period : 5 years Premium amount : 2 Lakhs Sum assured : 14 Lakhs Policy date : March 2017 Maturity date: March 2027 He wants to surrender in March 22 after lock in period ? Taxation implications Please reply Whether surrender value taxable
sir I have a policy of icici pru life co, in this policy my insurance is upto 6 years,after that no insurance cover is there in policy.I will receive yearly payout from the company for next 5 years starting from 7th year, there is no death benefit from 7th to 11th year. inthis case the payout received by me are taxable or not? kindly clarify.
How to know if a policy bought already is ULIP or not? I'm asking as my Parents have a few plans running so I would like to evaluate them for any more tax obligations.
Sir my endowment ulip policy one time premium I paid 80000 premium in 2010 I am teacher in slab 20 percent I get 157885 Rs after 10 year in Dec 2020 my policy amount is taxable in 20 percent slab or tax free sir please immediately
This budget amd gov is more focused on closing loop holes in existing system, they didn't increase tax just bcz they will gain from this..tht is a good news for honest citizens
Closing loop holes for only salaried persons only. Not for businessman. First income then advance tax through tcs. Uskebad kuch saving Karo to uspe bhi tax. Wah... epf me tax mutual fund me tax, short n long term capital gain me tax, Ulip pe tax. But speculating is free. Futures n option trades will not be audited under 10 crore turnover ..😂😂😂😂
this dude has drunk the gomutra! 🤣
@@dawnofkitty yes I do..
@@prashants3382 education wasted
Biggest Learning of this video: Investment and Insurance should be seperately managed. We should stay away from mixed product like ULIP
Even when ULIP was tax free still I would choose MF and never buy Ulip for Investment purpose.
ULIP are basically scam.. I invested 1.7 lakhs for 15 months with very poor returns even though market was good and then realized most of my money are going to charges and commissions. They should ban these
Seems poor study of Insurance
@@arun-ql8nc ulips are never for 15 months
@@amrutakoli6992
Insurance is most important , The day a person starts earning the one should first take a health insurance and a term insurance . But again insurance is not at all for investment . Insurance and investment should always be saperate.
It's my opinion
@@nileshgupta5657 ur option is on upto you but your mindset is wrong dear
Sir ek video ispe ho jae : "Bad Bank" - asset reconstruction company as suggested in Budget 2021. How this will function/work ?
All the npa's of the banks will be bought by this bad bank ,so that banks will be free from npa.
This bad bank after buying the npa's from banks it will take care of restructuring reconstruction and auction....etc
@@pavanreddy1321 ok.. so basically Bad bank will do same task what LIC is doing for govt for years 😁🤣
Seems in future, LIC endowments will also become taxable..
Thanks Parimal Sir!
please make video on impact of this announcement over PF/VPF contributions
Waoow parimal sir great. Thanks
What will be impact of HDFC LIFE INSURANCE and SBI LIFE INSURANCE?
Does the 2.5L is inclusive of the 2.5L for PF/VPF that was just announced for this 10(10D) section or is this 2.5L separate from the 2.5L for PF/VPF that was announced?
Is ULIP and ULIF different ?
There's already GST on the payments, now this tax will crush investors. How Greedy can a government get?
Sir,
What if the existing ULIP?
And the policy premium is paid every year.
is it consider as new investment on existing policy ? And budget is applicable?
Or the budget is applicable to new policy taken in 2021-22?
No policy is contract once done it will not change.
@@shefalidutta7138 okay
Thank you
If say , Mr. X invest 5L in one ULIP For 10 yrs & on 50L , maturity rec'd is say 70L , then only 10L will bcm taxable ????
And also 1L basic Limit , So Tax will be on 9L@10% , Right ????
What about partial widhrawal in ulip after lock in period 5 year.
Hello Parimal Sir,
Could you please give some simple analysis on Abbott India?
thank god. Never got trapped in ULIPs
Commenting for better Reach.
Your subscriber base is increasing like Nifty
On time investment pe bhi yahi hoga
sir a video on HDFC Life is needed.
Sir please make a video on hdfc life insurance company stocks.
Whthr exsisting ulip funds performance will be affected because of this new change in tax reforms?
Video Request : Can you put out a LIFE insurance and General Insurance Sector analysis video their business model and all the things to keep an eye on P&L and balance sheets
After ULIP is history, do we have any option left where the return is Tax free. Short term, long term anything beyond 1 lakh ?
Can you make a video on how to save tax on long term gain? I hv heard we can sell our share after an year up to 1 lakh of gain and buy it again after 2 days. that way we can save that years tax?
please help
Please post a video to explain the movement on Kelton tech.
Is it a potential pf stock?
Great sir... 🙏👍
Sir I have one doubt..
Why reserves and surplus are counted in liabilities and not in assets.. Because reserves and surplus are just like cash which can be used anytime
what abt one time premium payment
what is the taxes on single premium ULIP plans?
Can we get some insight from you in reliance industries, nifty 13k to 14.5 k but still no participation of reliance in this rally
polycab...please make video on this stock
How to invest in US markets
Is it good ,?
Hi, Can you please discuss about annuity as a retirement option? It's returns and all because on policy bazaar , i am seeing some very high returns.
Could you please compare UTI equity MF and Axis Flexicap MF. Do you have better suggestions?
Dear Sir,
Thank you for the bunch of information. I have 1 query please help me out in this ...
My client bought 5 Plans of LIC
3 Plan of Rs. 1 Lakh Premium in 2011 - LIC Endowment plus
2 Plan of Rs. 6 lakh premium in 2011 - LIC Samridhi Plus plan ( ulip)
total premium paid in 2011 is Rs. 15 lakh
& sales premature in 2017 with Profit of Rs. Rs. 12 lakh (15+12=27 Lakh sale)
Is this amount is taxable in the hands of assessee in year 2017/18 ?
If yes then at the slab rate taxable or taxable in capital gain ?
Sir please share your thoughts on Tata Power.
Is it good to buy at this point of time and what are the growth prospectus in the Future.
A proper Fundamental and Comparative covering all the points in a video is required.
Thank You for encouraging us to become an investor.
Nice video update on budget. Thanks
What is the tax treatment about tax mutual funds?
Investment and redemption after 3 years?
Please make video on ABSL SMALL CAP FUND
Sir maturity in ulips are still tax free. Withdrawals are taxable as per tax.
😂
So those are taxable who did before 1 February?
Can you make a video for Brookfield reit ipo.
Can you make a video on Varun beverages why is it falling ?
what about single premium ulip
We start invested 3lakh per year for 5 years since 2013 . Total premium paid 15 lakh and sum assured is 7 times of fyp, after 8th Yr fund value is 30Lakh . If I withdraw this amount now then please tell me tax liability .
I am also in same situation as yours , my fv is now 41lakh , sum assured 50lk. How much will be tax , kindly help me to know
Applicable on next Financial year....?
What about all premium paid up Ulips? will this effect?
What will be impact on life insurance companies because of this?
What about VPF?
Sir one video on 15G and the tax on dividends received (or to be received)
Please ❤️🙏
Sir please analyse IDFC results and why stock price is going down
So this is applicable from 1st Apr 2021?
What about the ulip purchased before 1st Apr 2021
No tax
@@ParimalAde thanks👍
So if I withdraw my ulip after 60 months I will get 100% of fund value as on date of surrender and entire amt will be non taxable along with interest earned for 5 years
@@rashmihegde2579 it's a contract it never get changed
Sir will there be long term capital gain tax on ULIP which were already purchased before
Sir can you tell me about ulip taxation for the following situation :
How tax will be calculated if anyone surrender ulip before locking period and the person has not taken any 80c tax benifits
Sir kindly make a video on Cochin Shipyard
How about LIC Investment plans sir
Will insurance premium come down
Sir, Is LIC Jeevan Anand also taxable?
Sir please do video on Sterling and Williams
Plz make a video on Amber ent.
Please make video on NPS scheme
Sir can you please make a video on tax loss harvesting
Ulip tax will applicable from 1st feb Or 1st April 2021
Have taken SBI Smart privilege plan 6 lakhs premium for five years.. term is 15 years. Premium taken and waiting for documents. Have free look period of 15 days.. should I cancel it..please help🙏🙏
sir ulip plan ltc cash vocher scheme ko claim ker sakte h ya nhi
sir plz make video on Apollo tyres
Sir tata power pe ek video ho jaye plz
Thank you sir for updation 🙏
Tata Power
Sir one more thing why ulip equity funds don't generate much returns.are there fund managers not capable like mfs..
Is partial withdrawal taxable??
motherson sumi...please make video on this stock
Sir old ulip is also texable
Mr. Parimal what about the ULIPS which were started in 2005-06 and maturing in 2021. I mean how the tax will be calculated? Please revert back.
No change for old ULIPs
@@ParimalAde Thank you. I believe you do take Care of your subscribers.
Sir. L&T .PLEASE GIVE VIDEO FOR INVESTMENT
Is there anything left which is not taxable, let the team who prepares and proposes and then adds into budget know if anything is missing.. epf amount also they kept ceiling and they reduced it to 1.5 laks from 7.5 lakhs and taxable over that limit , they brought term policies under GST and I started paying more for same cover , no other option just accept and pay the taxes . Jai Hind!!!
One of my friend had following query :
Tax implications regarding surrender value of ULIP policy.
Policy term : 10 years
Premium term :5 years
Lock in period : 5 years
Premium amount : 2 Lakhs
Sum assured : 14 Lakhs
Policy date : March 2017
Maturity date: March 2027
He wants to surrender in March 22 after lock in period ?
Taxation implications
Please reply
Whether surrender value taxable
Hi, can you advise what's your friend did with this situation, my policy mature in 2023
Sir please make video on smallcase
sir I have a policy of icici pru life co, in this policy my insurance is upto 6 years,after that no insurance cover is there in policy.I will receive yearly payout from the company for next 5 years starting from 7th year, there is no death benefit from 7th to 11th year. inthis case the payout received by me are taxable or not? kindly clarify.
Would this also affect existing ULIPs taken before 1 feb 2021 where premiums are more than 250k. Pls clarify. Txs in advance.
Did you got any reply , I have same question
Nice explained
Is this for existing purchase ? or new policy , can you please clarify
New policies
@@ParimalAde Thank you
Is it applicable for old Investor or nee investors??
I want to know this
Sir m apna ulip surrender krna chahta hu kya ye change mujhe effect karega
Sir please make a video on direct and regular mutual fund
Good update 👍
How to know if a policy bought already is ULIP or not? I'm asking as my Parents have a few plans running so I would like to evaluate them for any more tax obligations.
Did you got any reply, I have same question
@@dileepnair1000 Nope
Sir my endowment ulip policy one time premium I paid 80000 premium in 2010 I am teacher in slab 20 percent I get 157885 Rs after 10 year in Dec 2020 my policy amount is taxable in 20 percent slab or tax free sir please immediately
hindustan foods...please make video on this stock
cant we split policies to below 2.5lacs and avoid tax?
Nope
Detail on tata motors
Hul share price
So hdfc life ka kay hoga sir?
Kuchh nahi hoga, bus short term mein thoda low jayenga
Keep buy hdfc life ,, or sbi life both stock move 40% up side before 12 feb
TATA POWER
Buy sbi life insurance cmp 865₹ target 1200₹
Ye acha hai . Ulip is worst investment .
I became a First ever viewer of this video
Congratulations. You achieved a great milestone!
@@karthiksonu222 Need a LOL reaction for your comment!!
@@reubenjoseph7228 ha ha..
Grow up
Idfc first bank results analysis
Good video