I just came to know at Yahoo Answers that the principal amount invested in an ELSS would be included in the Income for the year of redemption. So, by investing in an ELSS;one is only deferring the Income tax payment.Might as well pay the tax now & invest the balance in a good diversified fund that offers you higher returns & liquidity as well (unlike 3 years lockin for ELSS). Am i correct?
2006-07-02
04:23:22
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1 answers
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asked by
Baldie_1969
1
in
Business & Finance
➔ Investing