Surrender of policy

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 February 2013 I had bajaj alliance policy which i surrendered before maturity and got the receipt amount so is it a capital gain and exempt under which section?

@VaibhavJ

@VaibhavJ (Expert)
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25 February 2013 Hi

Pl. give more information about type of policy, tenure of Investment & exemption availed under this policy.

Thanks!!

Querist : Anonymous

Querist : Anonymous (Querist)

26 February 2013 Bajaj Alliance Gold Plus Unit Policy
Tenure of Investment - 3 years
just let me know we got the receipt of amount less than maturity amount as we surrendered the policy..so let me know the receipt is taxable or not?

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