Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160327 Points)
Replied 22 August 2019
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.
Kapadia Pravin
(17249 Points)
Replied 22 August 2019
@VaibhavJ
(Believe!! Live your dreams!)
(33511 Points)
Replied 22 August 2019
If surrendered before completion of 5 years than amount received less amount claimed as exempt under Chapter VIA is taxable.
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