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 ??
Menu
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
Recent Topics :
- Revising salary on 24Q Q4 FY 25-26
- LTCG: Home Loan Principal Repayment?
- Ims action relationship query
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
Related Topics :
CAclubindia
