Budget 2023 | Income Tax exemptions on high-value life insurance proceeds to be limited
According to the Budget documents, the proposal follows a measure initiated in the Finance Act, 2021 pertaining to the proceeds of ULIP policies, where the premium paid, for any year, exceeded ₹2.5 lakh. Union Finance Minister Nirmala Sitharaman addressing a post-Budget press conference, in New Delhi on Wednesday. | Photo Credit: ANI The Union Budget…