Surrender of lic before the maturity
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 March 2014
What is the treatment of LIC Premium & Surrender amount if it surrender before the maturity period? Whether it is taxable or Not?
01 March 2014
any exemption claimed under section 80C in previous years on the said ULIP shall be reversed and shall be included in the income of the assessee.
the surrender value received should have not tax liability.
the surrender value received should have not tax liability.
Message likes :
1 times
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
- 115-BAC-for AOP-private discretionary trust
- Insurance make against any item and later get insurance claim received
- Cgst asmt - 10
- IN PAGHDI SYSTERM . RENT RECPT CHANGE OF NAME AFTER FAMILY PARENTS TO SON
- CAN a GSTIN registered under rule 14A opt for composition scheme without withdrawal from rule 14A ??
- E-Invoice applicability related question
- PTEC-payment
- Delisted shares
- INCOME TAX QUERY FY25-26()\
- Clarification on TDS Applicability under Section 195 for NRI Co-owner – Property Transaction
- Fy 22-23 --> tyed more in gst 3b vs 2b, any interest?
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- GST ON PERSONAL MOTORCAR SOLD
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
