Single premium market policy surrnder

This query is : Resolved 

04 November 2017 I HAVE INVESTED 100000/- IN MARKET LINKED SINGLE PREMIUM POLICY WITH LIC 3YRS COMPLETE AND NOW I HAVE SURRENDER THE SAME BEFORE MATURITY AND RECVD 160000/- AND TDS MADE U/S 194DA.

WHETHER I HAVE TO INCLUDE IN MY TOTAL INCOME THE AMT REVCD FROM LIC 160000/- OR 60000/- PL EXPLAIN

04 November 2017 Literally Rs. 1,60,000/- has to be offered as income.


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