Tax Treament for ULIP Surrender

Last post 06-07-2012 6:52 AM by ketanhmeswania@gmail.com. 2 replies.
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  • 05-25-2012 12:46 PM

    Tax Treament for ULIP Surrender

    What will be the Tax treatment for ULIP surrendered after 4 years? Also, can the loss be booked under Long Term Capital Loss?
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    • Post Points: 20
  • 05-28-2012 2:19 AM In reply to

    Re: Tax Treament for ULIP Surrender

    ULIPs have a lock-in period of 5 years. surrender before 5 years attracts income tax and withdrawal of previous tax deductions (if availed). surrender after 5 years is fully tax-free.
    • Post Points: 20
  • 06-07-2012 6:52 AM In reply to

    Re: Tax Treament for ULIP Surrender

    thank you for the reply. but can i book the loss unde long term capital loss as the ULIP was 100% investment in equities.

    • Post Points: 5
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