Sir,
I was member of uti ulip for last 15 years sine 1992.My ulip membership matured in the month of may 07.I recd maturity proceeds in june07.Now my query is that uti ulip has sent me a statement in which they have shown certain amount as long term capital gains and certain amount as short term capital gains.i am salary earner employee.my question is that whether i have to pay taxes short term capital gains and if yes then at what at rate? please advise me