TAXABILITY OF ULIP SURRENDER VALUE AFTER LOCK IN PERIOD.
This query is : Open
09 November 2020
Kindly suggest the taxability of ULIP SURRENDER VALUE AFTER LOCK IN PERIOD OF 5 YEARS.
For example.....
One time premium paid of Rs.150000/- on 24.10.2013
Surrender value after lock in period of 5 years is Rs.177000/- on 19.02.2019
What is the taxable amount?
For example.....
One time premium paid of Rs.150000/- on 24.10.2013
Surrender value after lock in period of 5 years is Rs.177000/- on 19.02.2019
What is the taxable amount?
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