Hi every one....Can anybody tell me that if i m investing my money in ELSS mutual funds for tax saving purpose, then it is possible to withdraw my money back(as lock in period is 3 years)? So big doubt.....
Please help me out...
Tanvi Agarwal (42 Points)
15 November 2009Hi every one....Can anybody tell me that if i m investing my money in ELSS mutual funds for tax saving purpose, then it is possible to withdraw my money back(as lock in period is 3 years)? So big doubt.....
Please help me out...
Deepak Tapse
(Accounts Manager - Taxation)
(1771 Points)
Replied 16 November 2009
If you withdraw, the profit amount will be fully taxable.
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