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    <title>Taxation of amount recd on redemption of units of insurance policy</title>
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    <description>Query on the taxability of redemption proceeds from an insurance linked investment after the statutory lock in: taxpayer paid recurring premiums over four years and redeemed units after the three year lock in, receiving net proceeds; the question is whether those redemption proceeds are taxable or fall within any tax exemption or capital gains treatment under the income tax rules, but the record contains no conclusive legal answer.</description>
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      <description>Query on the taxability of redemption proceeds from an insurance linked investment after the statutory lock in: taxpayer paid recurring premiums over four years and redeemed units after the three year lock in, receiving net proceeds; the question is whether those redemption proceeds are taxable or fall within any tax exemption or capital gains treatment under the income tax rules, but the record contains no conclusive legal answer.</description>
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