POSTED BY April 30, 2013 12:04 pm ONE COMMENTON
Please help me.
1. I have a RD of 5 years 1000rs/month. The total amount, including Interest, I will get, do I need to pay Tax on whole amount?
2. I had an ULIP of 5Yrs payment schedule. I stopped that after 2yrs of payment. They told I will get the money after 5 yrs which would be around 60% of what I paid approx. So do I need to pay TAX on that received money? NOTE : I didnot mention that ULIP in 80c in those two respective FYs.