HELLO FRINDS
I WANT TO ASK ONE QUERY. I HAVE TAKEN ULIP IN 2006 WITH 3 YEAR LOCK IN PERIOD THE POLICY WAS FOR 10 YEAR. NOW I WANT TO SURRENDER MY POLICY .SURRENDER AMOUNT IS AROUND 200,000/- WHICH IS BASED ON FUND VALUE I.E NAV
PLEASE TELL IS IT TAXABLE OR EXEMPT? WITH EXPLANATION & SECTION >
THANKS & REGARDS
MANNU
CAclubindia
