Investment in ULIPs is related to which section of the Income Tax Act? Options: A . &nbsp58C B . &nbsp65B C . &nbsp78A D . &nbsp80C

Investment in ULIPs is related to which section of the Income Tax Act?

Question

Investment in ULIPs is related to which section of the Income Tax Act?

Options:

A . 58C

B . 65B

C . 78A

D . 80C

Answer: Option D

Investment in ULIPs is eligible for tax benefit up to a maximum of Rs A. 5 lacs under Section 80C of the Income Tax Act.

Was this answer helpful ?

Next Question

Question 1. Which of the following is a combination of insurance as well as an investment? ....

Question 2. Which policy referring to policies that provide coverage only for the loss caused by the perils? ....

Question 3. Which of the following is an example of Broad Form Insurance? ....

Question 4. What is PAC? ....

Question 5. Which of the following form is designed to be used by many different insurers and has exactly the same provisions? ....

Question 6. Limit of FDI in Insurance sector: ....

Question 7. Which type of insurance usually requires higher premium? ....

Question 8. Largest Life Insurance Company in India is: ....

Question 9. New India Assurance Co Ltd has branches in how many countries? ....

Question 10. What is the CRISIL rating for New India Assurance Co Ltd located? ....

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

DSP Combined 1 Free Revision Test SAIL JO E-0

GPOE / GPA Combined 1 Free Revision Test SAIL JO E-0

BSP Plant Specific Review Test SAIL JO E-0

BSL Combined 1 Free Revision Test SAIL JO E-0

GFM Combined 1 Free Revision Test SAIL JO E-0