withdrawl from ELSS fund
This query is : Resolved
09 February 2010
In march 2009 I have invested 20000/- in ELSS mutual fund and availed deduction under sec. 80C.
Now I want to withdraw money.
What will be tax treatment.
Now I want to withdraw money.
What will be tax treatment.
CMA Ramesh Krishnan
(Expert)
11 February 2010
It will be taxable in current year
CA Ravi Sisodia
(Expert)
11 February 2010
yes, its taxable at the time of withdrawal.
CMA Ramesh Krishnan
(Expert)
13 February 2010
Normal tax rates for the AY 2010-11
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