Taxation on surrender of lic market plus 1 policy

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I have purchased LIC market Plus -1 policy (single Premium) table no. 191 in sept 2008...

NAV was Rs.10 at that time...

in march 2014 i have surrender the above policy at NAV of 15.10

pls suggest me tax treatment on surrender of Market Plus -1 policy

 

 

Replies (1)

in my view nothing is taxable in your case

 

but others views are also desirable


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