Lic surrender

This query is : Resolved 

18 June 2015 lic wealth plus single premium plan surrender taxable under which head.

20 June 2015 depends on when for how long you held the policy before surrender

22 June 2015 but sir under which head capital gain or other source......?

22 June 2015 it is not a capital asset.....

22 June 2015 purchase date 05/05/2010 amount 80000 no of unit 7268.7691 sale value 95065(nav 13.0786*7268.7691) surrender on 28/01/2015 and maturity year 2018 plz give treatment of above situation.


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