Dear friends
we have received 21lacs from redemption of elss after deduction of TDS u/s 194DA.
the question is how we can show the redemption value in income tax return . whether it is taxable or exempt.
We have received redemption value in the month of March 2018.
please clear that I have confirmed it would be taxable @ 10% from the ay 2018-19.
pls correct if the above confirmation is wrong.
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TAXATION ON REDEMPTION OF ELSS
Replies (1)
Capital gains over the redemption of LT equity assets including ELSS remained tax-exempt in FY 2017-18, u/s. 10(38) of IT act.
How come TDS was deducted? Was it pre-matured?
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