Life insurance companies are set to be spared of paying service tax on fund management fees. This is good news for policy holders investing in unit-linked insurance plans (Ulip) as they will not have to take a hit on their returns. The Central Board for Excise & Customs (CBEC) has accepted the insu
No service tax on Life insurance Companies on 'fund management' fees !!
Last updated: 08 July 2007
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