Ulip premature withdrawl taxation

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 December 2013 What is the imlication of ULIP withdrawl within 8 years of a ULIP having maturity period of 9 years ?

Kindly give the link for the said judgement
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
12 December 2013 there are no implications under 80C since 5 years have elapsed. With regards to capital gains, you need to check whether the said ulip is tax exempted or not.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
13 December 2013 yes the period is 5 years to be kept.
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