Lic surrender
This query is : Resolved
Mamta Joshi
(Querist)
18 June 2015
lic wealth plus single premium plan surrender taxable under which head.
Nikhil Kaushik
(Expert)
20 June 2015
depends on when for how long you held the policy before surrender
Mamta Joshi
(Querist)
22 June 2015
but sir under which head capital gain or other source......?
Nikhil Kaushik
(Expert)
22 June 2015
it is not a capital asset.....
Mamta Joshi
(Querist)
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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