Investment in ELSS funds qualifies for tax exemption under section 80C of the Income Tax Act 1961. From April 2018,long term capital gains tax (LTCG)of 10% was introduced on equity funds. Hence once the lock in period is completed, and during redemption, the gains (if any and above Rs ...
Guide to ELSS and its meaning/full form. We explain it with examples, features, advantages, disadvantages, and comparison with PPF.
DYK: transmission of ELSS units is subject to 1-year lock-inKayezad E. Adajania
Q.What are the benefits of ELSS? Q.How does ELSS allow me to save on taxes? Q.Who should invest in ELSS? Q.How do I invest? SIP or Lump Sum? Q.Are the returns on ELSS taxable? Q.How to use this tax saving calculator?