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ELSS in current FY ITR Return

10 February 2020

I have some ELSS MF in current FY year .Can I mention that in current FY ITR Return under 80C ?Or Will I have to mention them in ITR return of the redemption year ?

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2 Replies

anirudh (student) (178 Points)
Replied 10 February 2020

If you had invest amount under elss scheme in current f.y, you can claim the amount under 80C as a deduction.

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Kapadia Pravin (17249 Points)
Replied 11 February 2020

If it's fresh investment in ELSS during Current FY then surely it's available as deduction under 80C.

In the redemption year any profi or loss will be treated as LTCG from Equity Mutual Fund Scheme.

From next FY, if you continue with old tax regime that is current one then of course you will get ELSS investment deduction under 80C in future years too.

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