Whether Surrender of an Insurance Policy or Pension Policy (after payment of Premium for 3 years)is eligible for Section 10 (10D) Benefit.?
If the policy is under ULIP whether the entire surrender proceeds is eligible for exemption u/s 10 (10D) of Incometax benefit.
1. Subject to premium paid per annum not exceeding 10% of assured value.
2. Yes, but only if said condition is satisfied.
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