Hello Basu, I have a HDFC MIP held for long term (more than 3 years). I plan to redeem it this year. I don’t have any taxable income apart from this gains in this year. Will I still qualify to pay the LTCG tax, even though my earnings fall in the zero percent tax slab this year ? Thanks.
Including this capital gain, if your income is still below Rs.2,50,000, then you no need to file IT return.
Thank you so much. I have another query. My husband had invested in “SBI LIFE Unit Plus-II-Pension Option I” a few years back based on some recommendation of a broker. Now reading all your articles, I am wondering if this was a good investment. Do you have any views on this ? Also what kind of taxation will be on this on redemption.