Exemption under section 10 (10d) of income tax act 1961

vsraj (administration) (136 Points)

24 June 2019  

Whether Surrender of an Insurance Policy or Pension Policy (after payment of Premium for 3 years)is  eligible for Section 10 (10D) Benefit.? 

If the policy is under ULIP whether the entire surrender proceeds is eligible for exemption u/s 10 (10D) of Incometax benefit.