Surrendered unit linked policy need suggestion?

[NewsDesk]

I had a unit linked policy in Aug 2007, I surrendered it on 23.1.2012. I have claimed exemption u/s 80c IT Act for the year 2010-2011 of Rs 30,000. By surrendering the policy, I will get the surrender money around Rs 99675/-. I need suggestion whether the whole will come under income from other sources or proportionate amount of surrender money comes under tax net.

Via email @ behera.somanath

Similar Threads:

• LIC - JEEVAN ANAND : How much amount I will get after surrendered the policy?
• HDFC ULIP policy surrendered - tax on the receipt amount?
• Health Insurance - Policy Suggestion Please
• LIC launches unit-linked plan ‘Wealth Plus'
• ICICI Prudential’s New unit-linked plan - ICICI Pru Pinnacle