Lic ulip policy surrender treatment

https://www.maxnewyorklife.com/insurance-explained/tax-benefits.aspx

Thanks for your reply mannu

as per the link you gave

This benefit will be reversed if the policy is terminated/cease to be inforce within 2 years for traditional products and 5 years for ULIP products after the date of commencement of policy.

The quantum of deduction already taken in the preceding years would be deemed as the income of the taxpayer in the year in which policy is terminated.

so then no deduction can be claimed for the 30000.rs. then what about the treatment for 3935.rs profit whether it has to be shown as IFOS under or is there anyother treatment