POSTED BY July 11, 2012 1:38 am COMMENTS (3)ON
DTC was not implemented in the Budget 2012. However the government is proposing to bring DTC bill in the monsoon session. My question is:
1. Is ELSS still under 80(C)?
2. If I buy a ELSS plan tomorrow and DTC is passed in monsoon session, will my investment be still under 80(C)?
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3 replies on this article “is ELSS still under section 80(C)? (as on July 2012)”
thanks Ashal & Ramesh
Dear Udit, For the current FY, ELSS are available under Sec.80C. DTC is still a talk only. Let the wise men decide it’s fate. Relax & sit easy. Invest in ELSS as per your choice & target for the current FY.
This year’s IT rules already say that ELSS continue to be in 80C.
Whatever will be done will happen from next FY onwards, if at all.