Menu
ulip surrender
is that ulip plan surrender amount is taxble
Replies (3)
Not always. More details about the scheme is required for exact solution.
As a thumb rule, if TDS has been deducted over the surrender value, take it as taxable.
it all depends upon the type of ULIP plan. Have you taken ULIP premium benefit under 80C then in that case if surrenderd before 5 years it's taxable
If surrendered before completion of 5 years than amount received less amount claimed as exempt under Chapter VIA is taxable.
Recent Threads
- CERTIFIED FRAUD EXAMINER EXAM
- Service availed ITC query
- How do I purchase Copper Clues games in Kolkata?
- Regarding Annual Return for 23-24
- Property registration without physical PAN card
- Paying Rent in Cash: This Could Trigger an Income
- Market Down, Portfolio Down: Need suggestions for
- How much tax is payable If I withdraw my mutual fu
- GST Penalty Provisions under Section 73 vs Section
- How VFA Academy Helps Traders Build Discipline and
Related Threads
CAclubindia
