How Rich Indians saved Crores in taxes using Life Insurance Policies!

[@TaxationWithCASahilJain]

Also note that in the case of a ULIP, unlike a term insurance, you are also charged an amount for receiving the services of fund managers who decide where to invest your money to generate the best possible returns within the broad category of investment avenues that you’ve allowed them to operate in. If you start investing early in ULIP, then even with an investment of upto 2.5 Lacs every year, you can generate a tax-free income running in several Crores. Happy investing! P.S. Like all other investments in the market, even the amount invested through a ULIP can go down also as investments in the market are subject to market risk. Invest as per your own risk-appetite. Correction:- The fourth and fifth proviso to Section 10(10D) is applicable for policies purchased on or after 1/2/21 and not 1/4/21.

[@aryavratmnautiyalm.p8781]

To ulip kha se milnge how to purchase

[@shubham8486]

ULIP means?

[@shivaycreation-604]

How to purchase ..please make video on it

[@maheshjain6707]

Samajne ka junoon aur samjhane wala chhaie 💯 lines 👍🙏

[@madcapprof]

Is the 2.5L cap applicable even if the ULIP was initiated before April 2021? The premium being less than or equal to 10% of capital sum assured!

[@ShreyMittal16]

There’s actual smoke coming out of my head.. no one else could’ve explained it like this.. Maza agya!

[@prakharyashdeep824]

i am not CA student nor a CS student but your videos are so full of highly useful content that i don't miss even a single video. thank you so much sir

[@Kanypkr04]

Rich people be like: Zor zor se bol k scheme bata de sbko.. !!

[@TaxationWithCASahilJain]

Rich ka, Poor ka, sabka raaz kholega tera Faizal

[@mukeshmatlani2455]

Website mein hai

[@entertainmentofficer6197]

@@TaxationWithCASahilJain Sir LIC ka agency le lo na i am development officer aap logoka tax saving kariye humare ULIP plan se

[@evm6177]

@@TaxationWithCASahilJain 🍷😆😆 Ye bhi sahi hai.. Bole tho ek dham Jackaas! 🤓👍

[@alokktiwary]

The style of explanation, the to-the-point elaboration, the hard work behind all slides: just WOW!! hats off Sahil ji

[@tithi214]

My mind tends to remember everything mathematically by learning the logic behind things.. I bet now I won't need to worry 😟 mugging up the % and sum limits 'cause you explained the logic so well. Thank you Sahil Sir. 😁

[@sawanthasnainqaiser4162]

Ur killer smile in tax planning have no words sir....

[@gautamsaini5788]

Sir phle mujhe itna interest nhi tha tax me but jb se mene aapke videos dekhna start kiya specially case base wale videos... I love taxation more than more... Please Sir aise hi videos upload krte rhna...and I will definitely share videos with my all friends... Thank You ❤️😊

[@shivaygarg5173]

I HAVE NOTICED A COMMON THING IN ALL YOUR VIDEOS THAT YOU DRESS VERY WELL 👌🏻

[@NisarKhan-yr3px]

Being from Pakistan. I am one of your oldest viewers when u had 22.5k subs. I had watched your every video and because of you I have become interested in learning the tax system of Pakistan. Thanks sir ❤️❤️❤️

[@NisarKhan-yr3px]

@RAKESH BC-20-041 yes big 4 firms operate in Pakistan and stipend rate is 14,500 fixed by ICAP. And gradually increase as you start clearing the final 8 papers during you articleship.

[@NisarKhan-yr3px]

@RAKESH BC-20-041 nahi bro 2000 wala scene jab Acca induct hota Hai firm tab uski starting hoti hai. Jo CA karke aaata Hai usko at least 7-8 hazar firm deti Hai, jabke 14000 ICAP provide karti Hai.

[@rohitmewara9412]

@@NisarKhan-yr3px currency difference bhi to hai

[@NisarKhan-yr3px]

@@rohitmewara9412 yes bro difference Hai INR strong currency Hai PKR se, ajj hi petrol 137 ruppe ka hogaya Hai.

[@shashankke250]

@RAKESH BC-20-041 🤣🤣🤣🤣 Bhai Bhai Stipend made really laugh

[@manikjain]

Hey man day before I was puzzled with this prov why govt is giving deduction only upto the limits... And I was searching here and there for it.... But next day I see your notification ✌ and my doubt is solved now... It's like a gift for me without asking you for it 😂

[@sureshnishtala2887]

Awesome Explanation sir...Now I got to know the logic for this and how the rich used to save tax from this ...Thank you Sahil Sir

[@wingsoftechnology5302]

Really knowledgeable videos Sir.... Please keep doing such a great service to Indians 🙏🏼

[@sudiptakumar4847]

I think ULIPs are the worst invention in financial products. It serves neither of the purpose, keeping in mind the expenses they charge

[@saurabhgadkar2882]

Yes. My parents took ULIP (balanced) and it gave only 2.5% returns in 5 years when yhe market is rallied so aggressively. Never go for ULIP. Equity mutual fund + term insurance combo is way more profitable.

[@video_junction]

Return plus insurance is never a good product. Neither you get good returns nor you get good insurance cover.

[@lakshyaagarwal8189]

If I buy a stock or mutual fund units & hold it for more than 1 year wouldn't I have to pay LTCG tax i.e. only 10% which is same as discussed here. So, why to go through such a process of buying ULIPs to save tax ?

[@kanakTheGold]

0% Tax (Section 10(10 d)) ... not 10% also.

[@rashijain6760]

Sir aap aise aise topics laate ho hi chah k b video skip ni kr skte😅

[@SukhchainGoyal]

Superb clarity of thoughts and even better explanation of concepts. Keep it up!

[@keyurshah5029]

AGAIN AND AGAIN YOU PROVE YOUR SELF WITH GIVING PRACTICAL CONTENT. UNIQ CHANNEL, I HAVE NOT SEEN SUCH KZbin CHANNEL WHICH GIVES THESE MUCH REAL CONTENT AND GIVES EXPOSURE TO DIFFERENT TAX EVASION PLANNING AND MONEY SCAMS.

[@VJ-be1lm]

Sir you are smart , intelligent , man with a great acumen , great personality, style of spea king and altogether a complete package, don't know about others but atleast from my eyes , my opinion and my observation. Learning many things from you sir 😃 😊

[@_.akshat31._]

This "Haanji, Good evening" having a separate fan base😍😂

[@saurabhzaware6035]

Is the tax savings even more than the GST paid on the premiums paid?

[@ironcommander01]

I am an software engineer & I can say I fall in love with Charted Accountancy

[@mandavageethika5268]

Sir this is way too informative.I never thought I would understand something in onehearing.Tgank you so much sir.Now I just need consistent application of this section under various cases so I can remember for longer period

[@sahilbhanushali6975]

I don't have words sir just amazing you are the one who brings us to the practical world of taxation thank you sir awesome

[@MunishKumar-gw6kw]

I'm an engineer by profession but I find your videos so much informative I watch them many in the row! Not to mention your soft voice is very soothing :) I'm disappointed with our Indian education system which leaves out such valuable and practical information from the curriculum. But thanks to you, people like me can have them for free. Keep up the good work. God bless you 🙏😇

[@borramanoj4859]

In simple Words, Sir, U are Unique❣️💯 Grateful, We are knowing, there are such a multiple ways of tax reduction by your unique teaching skills

[@vishalchhaparwal8928]

ELSS aren’t the options better than ULIPs?

[@phanindraraj8187]

Sir as usual highly informative & useful and helps us to learn new things. Thank you very much sir and hope you will continue the same of sharing this knowledge with us.

[@kermitd77]

Thanks for educating us through your Videos ! :)

[@vibhuagarwal2633]

Great Video sir. Very informative. Please keep covering DT sections with real life examples like this.

[@RaviKumar-gz6so]

Question......The given condition of 10% and 2.5 lakh has to be complied every year.

[@anilbadgoti178]

Sir before this video, I don't know what is a ulip and always try to learn through rattafication, now I'm clear Thank u so much sir 🙏

[@darshanpawaskar2765]

Sir, how to know which product has which gst rate?

[@40manjeetgautam11]

Sir, kaha gayab ho aap video kyu nhi aa rhi Plzz. Video daalo 🙏

[@ashpakshaikh1071]

Sir kaise check kare insurance policy hai ya nahi our kitani after deth amount milane wali hai

[@anilvaruna2007]

ULIPs are not considered as a good investment strategy. Very high cost and poor returns are usually the case with ULIPs. Not a good product to invest into. It's far better to pay long term capital gain tax of 10% on your profits rather than choosing a substandard product like ULIP

[@shubham8486]

Thanks sir for one more intresting video...me gf ke reply ka jitana wait nahi karata utana aapake video ka karta hu...

[@atozinfo6850]

Please try to leave a short summary note of each video in pdf format so that we can analyse.

[@aleemjaved001]

👍👍 sahil can u make video on ltcg n stcg shares trading how to save max on that

[@AMANYADAV-bg3il]

Mene lic or tata aia ki 2.5 lakh se jyada ka premium pay kr rha hu or mri income bhi jyada nhi h crores m to kya mujhe maturity pr tax dena hoga kya

[@kunalsethia5588]

Please make a video on how middle class save taxes🙏🏻

[@ajsujit]

But the rule is not applicable retrospectively, right? People who invested in ulip before 1 April 2021 will still be able to benefit.

[@advarunathakkar2614]

Thanks a lot Sir, Very Insightful, having and showing an accurate and deep understanding; perceptive.

[@vinay4ukumar]

Sir, what is the tax% for ULIP linked insurance purchased in 2013 and 2014?

[@ankush-m2k]

its excellent.actually till now we dont know the logic behind the sum assured and premium paid.after seeing this video its completely clear

[@NisarASarkar]

Sahil sir... Is there any possibility that Banks can deduct tax in the name of income tax in salary and savings account without concern of Customer.

[@pmthulasiraman1]

Thank You Sir Your's Lectures are Precious One Because It's all about the Experience. It takes Much More Time or Unknown For a Long. In my Case as Accountant. Didn't know Hidden ( Tax Evasion) things. As well as in other case If I Eager know those things available Only with a Prescribed Limit Didn't Above My Qualification For This Am So Thankful to Yours Lecture as gave a Years of Experience within a Minute . Thank You So Much Sir.😂

[@hamzaqureshi3638]

But what about the Taxability of those ulips which have been issued before 1/2/2021?

[@abinashbal99]

ME IN CLASS 11th AND I UNDERSTOOD THIS CASE STUDY .. . I LIKE YOUR VIDEOS..

[@utkarshsingh8726]

But the returns generated on endowment policies are so low that it doesn't even beat inflation. From this pov, endowment policies are not so attractive. But yes if the sole purpose is tax planning then it's reliable.

[@vardhanshah2810]

And that's the point. Government doesn't want you "earning" through policies. We expect a return from policies because we see the same as an "investment" and not as an "insurance". That's why government set it up in a way that only people who want to get insured obtain the benefit of the same. If you want better returns, find an actual source of investment, not the insurance

[@utkarshsingh8726]

Yes. Term insurance for "Insurance", and "Investment" for returns.

[@video_junction]

Better invest in equity mutual funds and purchase a seperate term insurance plan.

[@You_Only_LiveOnce]

I am Engineering graduate. Sticked to your content. It's awesome and interesting

[@fakeid3626]

One of the best ca teahers in india

[@pradeepshende9416]

Ulip me investment kiya f.y 24-25 me to kya deduction claim kar sakta hu kya sir???

[@niteshramwani1599]

Sir please make videos on life insurance policies... Their conditions and types

[@lokeshthakur9894]

Sir... Please make detailed ITR filing video's with explanations of section's .

[@anubhavganguly2698]

Great explanation, sir. Thank you.

[@naveen2438]

Ek 5 se 8 min ke video ancestors property tax pe banao tax kaise bachaye etc✨

[@deeppatel4077]

Such a great teacher 😍 Give us pracatical knowledge for our future😍 I got sir utb channel just 2 days ago and now when i am free from my classes i m watching sirs every videos

[@samirgambler]

What about policy which is taken before 1/4/2021

[@shreyanmehta6999]

does the premium that we pay annually , say 2 lakh annualy is that also a deduction in taxable income? and if yes then is it included in 80c or is it extra slab

[@mok2569]

It's part of 1.5 lac limit under 80C

[@architbansal7793]

Sir your content is much more valuable

[@komalmahajan2088]

Nicely explained Sir👌🏽👌🏽

[@karneshagarwal]

What will be tax implications if one pays premium for ULIP of Rs 2.5L plus Rs 50K for Term Insurance ?

[@tradingbychoice]

sir , aapne 1-4-21 se pehle jisne plan buy kia h , unka kya

[@kashishkundal8797]

Max premium ke condition ke pichhe ka logic aaj samajh aaya

[@aone58]

Sir amendment kis site se milega jis din amended hota h kisi bi section me to income and gst me pls sir bta dijiye

[@x_man007]

Sir your analysis is great 🙏

[@delhiexplorer8358]

Bro kuch logo k paas business h pr unhe pta nhi itr kese file krte h itc kese milta h, Aap ispe ek detailed video bnao on request thanks.

[@Shivansh-adiyogi]

Hats off ...ty for enlighting about insurance

[@utsavmehta8289]

Why did you delete the video of 0 tax on Rs 40Lacs stock market income?

[@01_Varun]

Han Ji good evening has separate fan base 😍

[@bat_man1138]

Hazaro crore wale tax evasion ka video link sir?

[@aviralgupta14]

the new provision about ulip is applicable for policies taken on or after 1/2/21

[@rajeevramakamath]

Simply super and informative

[@harshinredzone]

Bahut Shandar 🔥

[@VikramSingh-bu9qc]

Sir company mey job kaise milti hai main 2 saal se try kar raha hu delhi ncr mey but nahi mil rahi maine ba kiya hai but account or tally and excel ka knowledge hai naukri Or indeed par bhi resume uploading kiya but nahi mil rahi please help me sir 🙏🙏

[@vicky123121]

This 2.5 lakh premium limit is only for ULIP or it includes all insurance policies?

[@sanjibbasak8505]

First condition that premium should exceeds 10% (15%) of sum assured is stated in I T Law. Second contion that agrregate premium less than 2.5 lakh in a year is not shown . I am confused.

[@puneetthakur7554]

Sir plz make a video on inheritance money or asset like land stock jwellery etc

[@rahuldas5969]

Mind blowing....very great...sir

[@eurotechcorporation919]

Is this applicable for Jeevan umang policy?

[@mandeepsinghbhatia48]

If the premiums are under 10% and all policies purchased before 2021 but total premium per year is >2.5L then will I get the sec 10(10D) benefit?

[@bagchisoahum]

Does it also include the money along with the money paid in premium for general term life insurance?

[@Techno_CA]

Some of Fortune 500 companies also saved through Captive Insurance companies incorporated in Bermuda.

[@shivohamb5015]

Excellent yaar... 👍 , But h'khor people will still do it buy doing it in the name of different family members... But still, good step by govt and extraordinarily explained by you .. 🙏🏽

[@shamikghosh7303]

Never mix insurance with investments and you will be fine. We don't buy an insurance policy to save taxes, we buy it to secure our family in case something bad happens. For that you need at least 10 times your annual income. In order to achieve this from an ULIP, the premium would be very very high in fixed installments. Why would I do that? Take a term plan PURELY for insurance purpose and invest the rest in equity mutual funds or direct equity, which anyway the ULIP guys do.

[@wolverinehulk9387]

Atleast someone understands. These ULIPs only benefit the agents. No one else.

[@shindeamol25]

Correct

[@piuspinto176]

@@wolverinehulk9387 why don't you write to the government regarding it.

[@rahulshah3354]

A question on tax saving on ULIP: If we invest via ULIP, 10% of the complete investment amount goes towards premium. Whereas, if we invest in equity(mutual funds or direct), we will be taxed 10% LTCG only on the profit(not on the whole investment amount) Then how is ULIP better? Maybe I am missing something here?

[@HWUWIWHXHS]

What is the GST rate in case of premium payments?

[@yadhuvanshidipesh3740]

Very helpful sir, you are great.

[@anuragbpvj]

Thank you sahil bhai for the simple and crisp analysis but one point which was missed by you is the the premium amount will attract GST every year.

[@himaniyadav2724]

Sir you are the best🥰🥰

[@akshayshah5180]

Is this appplicable only for ULIPs or for normal endowment policies as well?

[@bhupeshjoshi7370]

It's only for ulip but condition of 10/15 % is also there

[@chetanyavohra7698]

Well explained 👍😇

[@chetanrathod1729]

Your video is like ca class i love itttt

[@thetruth3322]

Thank you sir for the detailed information

[@jaideepsandhu1472]

I have a practical based query of gst irrelevant from the above video but hope that u would help Last month vehicle of mine was stop by authority and they raise a demand of tax and 100%penalty of tax amount. I deposited the said demand on the very same day . Cash legder history is reflecting amount deposited and set off against the demand order I'd. Question is whether should The invoices be shown in gstr 1 of which demand is paid . And if yes then gstr 3b will generate tax liability on the base of gstr 1 Cash ledger balance is nil as it is setoff against the demand Or will I have to pay the tax again on the same goods .

[@aashishkgoyal7600]

I am wondering what is someone starts a new ULIP every year. So, let's say, I take a ULIP in 2021-22 with 5 years of premium payment (let's assume of INR 1 Lakh). Again, in 2022-23, I take another ULIP with 5 years of premium payment. However, in 2022-23, I will be paying INR 2L for 2 ULIPs. Since their maturity falls on separate financial years, will they become tax exempt?

[@maryam_786]

Sir in case a doctor has insured himself through insurance policy where in case any person dies due to mistake of doctor insurance company would be liable to pay to patient in on behalf of doctor. Will doctor get premium as deduction u/s 80C

[@akashshaw9975]

Sir I request to you please make a video free sample of goods HOW to treated excel working sheet and showing a GST PORTAL....

[@GurpreetSingh-qv2nl]

Thank you Sahil sir 😄😄😄