Surrender of policy

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Querist : Anonymous

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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?

25 February 2013 Hi

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

Thanks!!

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Querist : Anonymous

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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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