Respected Sir,
I had bought 1 Unit Linked Pension Plus Plan of Hdfc in sept 2008, & I was paying 2 Lacs premium per year. I have paid premium for 3 years. and due to decerese in NAV of such policy I had stooped to pay premium . Later in year 2016 I had Surrender such policy and got 2.50 Lacs profit from such policy.
Total Premium Paid = 6 Lacs
Surrender Value = 8.50 Lacs
Please tell me tax treatment ??
If I should consider it as Long term capital gain ??
If yes then, Does Indexation benefit apply ??
Hdfc unit link pension plus
CA SHIVANG SONI (CHARTERED ACCOUNTANT) (266 Points)
12 May 2017