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deduction for axis long term equity fund- growth(TS-GP)
plz tell me about the deduction for the axis long term equity fund-(TS-GP)
Replies (2)
If its an ELSS fund you can avail deduction u/s 80c up to Rs 150000. Since ELSS funds have lock in period of 3 years on redemption it's capital gain is exempt
Investment in axis long term equity fund regular growth (TS-GP) is eligible for availing tax benefit under section 80C of income tax act 1961 read with circular no 9/2005 dated 30 nov 05 issued by ministry of finance.
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