Surrender of lic
This query is : Resolved
yash mittal
(Querist)
04 August 2014
WHT IF IN CASE Mr x has surrendered his lic with in lock in period and suffered a loss on surrendering that policy.
Nikhil Kaushik
(Expert)
06 August 2014
the loss is not that relevant. What is relevant is how much tax benefit you claimed under section 80C. that needs to be reversed.
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