I have purchased Bajaj alliance equity index pention fund and sum assured zero in f.y 2009-10 and 3 premium paid every year
I m surrendering my policy on f.y 2014-15 ie before maturity date and I m not claim any 80c tax benifit
so plz explain what is the procedure of tax treatment on my surrender value
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Tax on surrender value before maturity
Replies (1)
u have to pay tax on the diffrence amount(Surrender value recvd- total invstmnt amount) along with interst(if applicable).
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