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?