Capital gain in ITR


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Quick Summary
This discussion clarifies the capital gains tax implications for ELSS investments. If units purchased in March 2017 with a March 2020 lock-in period were redeemed in April 2022, the gain is considered long-term capital gain under Section 112A of the Income Tax Act.

27 July 2023 I have purchased ELSS in mar 2017 and lock in was upto March 2020. In April 2022 i redeemed some of its unit...then short term capital gain or LOng term capital gain will be levied?

27 July 2023 Long term capital gain u/s. 112A IT act.

12 September 2024 Good Luck.


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