Latest Answer: Though the service tax will not impact the annual premium amount, it will result in lower units for ULIPs. The tax will be adjusted by deducting the equivalent units from your account or by levying the same on the investment fund held by and on your behalf.
Latest Answer: The tax department of the government is really cracking the whip on tax evasion. The enforcement division in Chennai recovered tax and pentaly from evading dealers of Rs 42 lakh. In another incident Rs 10 lakh was collected as tax and fine from a passenger who was carrying contraband cigarettes.
