Respected Sir,
I had bought 1 Unit Linked Pension Plus Plan of Hdfc in sept 2008, & I was paying 2 Lacs premium per year. I have paid premium for 3 years. and due to decerese in NAV of such policy I had stooped to pay premium . Later in year 2016 I had Surrender such policy and got 2.50 Lacs profit from such policy.
Total Premium Paid = 6 Lacs
Surrender Value = 8.50 Lacs
Please tell me tax treatment ??
If I should consider it as Long term capital gain ??
If yes then, Does Indexation benefit apply ??
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Hdfc unit link pension plus
Replies (3)
have you ever claimed deduction for the amount of premium paid by you under section 80C
Yes I have.
then your total amount will be charged to income tax. you can't reduce the premium amount from the lump sum amount received on surrender. let's wait for experts advise
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