What are the income Tax Implication on the sum received after surrendering ULIP after completion of 3 years?



1.)what are the income Tax Implication on the sum received or Capital gain/loss after surrendering ULIP after completion of 3 years lock in period?

2.) How to calculate this capital gain or loss with due example

What are the income Tax Implication on the sum received after surrendering ULIP after completion of 3 years?
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