Ulip premature withdrawl taxation
This query is : Resolved
Querist : Anonymous
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
Kindly give the link for the said judgement
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.
13 December 2013
yes the period is 5 years to be kept.
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