Income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 July 2011
If ULIP is surrendred before 5 year.
what is the tax treatment.
what is the tax treatment.
31 July 2011
1. No deduction shall be allowed under 80C for the amount paid in that particular year.
2. The aggregate amount of deductions allowed in earlier years shall be deemed to be income of the year of surrender.
2. The aggregate amount of deductions allowed in earlier years shall be deemed to be income of the year of surrender.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Households luggage
- Cloud service
- GST ON FOREIGN CLIENT
- CSR Impact Assessment
- SECTION 194T
- Selecting Tax Regime while for calculating tax relief on under Section89 of income tax act 1961.
- Capital contribution of Land into SPV for Specific project attracts Income Tax & why ?
- COP and Employment with CA Firm
- Tds short payment certificate no mismatch or not entered in form 26q while filing
- GIFT OF LAND BY TRUST
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
- Clarification Required on GST Rate & HSN Classification – Millet-Based Probiotic Drink
- TDS Return filing if only have 15G /15H deductions and no other payments
- 80G deduction eligibility
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani -
IDT LIVE Exam Oriented Batch | May 2026, Sept 2026 & Jan 2027
CA Arpita Tulsyan
CAclubindia
