TDS on final amount recvd from unit linked insurance

Fully taxable under IFOS

The Income Tax Act did prescribe any rules or merhod as to under which head proceeds from insurance policy should be taxed. One view is that it should be taxed under IFOS as stated by Mr. Rambhia. In my view it can also be offered under the head capital gains with indexation benefit of premiums paid.

Yes, I agree with the views of Mr. Poltu Ghosh.........

IFOS ??

Income From Other Sources....... (an head for analysis of income, as per IT act)