when Equity-Linked Savings Scheme amount withdraw after 3 years,then TAX chargeable under which section
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Equity-Linked Savings Scheme
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Quick Summary
Section 112A If returns (Long-term capital gains) from ELSS is above Rs 1 lakh,then it would be taxed at 10 percent without any indexation benefit.
The entire invested capital amount which was earlier claimed as deduction as ELSS now will be taxed at normal rates.
Dear Asha Kanta Sharma,ELSS mutual funds come with a mandatory lock-in period of three years, arguably the shortest lock-in period among the tax-saving options available under Section 80C
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