What You Must Know About Tax Impact on Surrender of Insurance Policy?

Filed under Deductions by taxworry on January 17, 2010 at 8:45 am {no comments}

deduction for investment in ULIP taxation : My friend has invested 4 lacs as single premium in unit linked pension plan. If for some reason he surrenders the policy after 5 years ( i.e before the vesting age). On what amount will he have to pay tax. He has not claimed any tax benefit u/ s 80c. Pawan Kumar , Delhi Two

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