Hi Gurus,
I have taken 30,000 ICICI PruLife pilicy in 2007 (for FY 2007 2008 ) and paid for 3 years. After the 3 years locking period i have discontinued the policy and withdrawn the amount. I have received 10,000 as a retrun for my 3 yrs invsetment.
My queston: Do i have to pay tax for the extra income (10,000) i received by investing in ULIP .If so how can i do it and under what sections of the ITR form I have to show this income.
Please guide me.
Thanks,
Vikram.