Ulip

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 August 2011 I had paid ULIP for 3 years now i withdrawn what is tax liability under income tax

Tushar Desai (Expert)
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26 August 2011 it depends on which funds you were into.

U S Sharma (Expert)
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26 August 2011 it would be taxable in the year of withdrawl as 80C is not avaialble for withdrawl before completion of 5 years.

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