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Taxability of insurance policy proceed after 5 years

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(Querist)
11 August 2015 one of my client have taken market linked life insurance policy for 10 years but due to not desirable appreciation, he just want to withdraw this amount after 5 years. Whether This amount will be liable for Income tax and under which section .
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CA Dileep Surya Kumar

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CA Dileep Surya Kumar (Expert)
11 August 2015 If after five years nothing will be taxable but he wants surrender before five years it would be taxable under head other sources .

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