My client being an Individual has received surrender value of Life Time Super Policy with ICICI Prudential of Rs.81974/05 against total premium payments of Rs.78000/-till Aug,2009. He received the said S.V. in Sept,2009 laong with benifits.
How to be treated the same from tax angle point of view & accounting point of view in books. 
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Taxability of Surrender value of Life Time Super Policy
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incomplete details
date of commencement / type of policy , sections applicable viz 80C
needed for reply
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