TaxTMI 
TaxTMI 
Tax treatment on Partial Withdrawal
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....ax treatment on Partial Withdrawal<br> Query (Issue) Started By: - Rahul Bagaria Dated:- 12-10-2010 Last Reply Date:- 14-10-2010 Income Tax<br>Got 3 Replies<br>Income Tax<br>Partial withdrawal is a fe....
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....ature/flexibility, offered under ULIPs where in the policyholder can actually withdraw some amount from the policy during the policy term, for his emergency needs or any other need. The policy continu....
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....es with all the benefits intact. Would like to know: If the withdrawal is done within first 5 policy years, will the amount withdrawn would be taxable or tax free? If the withdrawal is done after fi....
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....rst 5 policy years, will the amount withdrawn would be taxable or tax free? Reply By Surender Gupta: The Reply: That amount shall remain exempt. There is nothing in section 10(10D) to restrict such w....
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....ithdrawal within 5 years. Reply By GOPALJI AGRAWAL: The Reply: Rahulji, the withdrawals would not be taxable as there is not termination of the plan in terms of the provisions of section 80C(5)(ii). ....
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....Reply By DEV KUMAR KOTHARI: The Reply: One should not expect a full fledged , correct answer, unless all relevant facts are given in the query. As very usual, Mr. Bagaria, has again given incomplete....
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.... information which cannot be answered and even brain stormed in discussion forum. We cannot contemplate several possible facts to answer a query.<br> Discussion Forum - Knowledge Sharing ....