Press Release - CLARIFICATION ON EQUITY LINKED SAVINGS SCHEME, 2005 - Equity Linked Savings Scheme, 2005

CLARIFICATION ON EQUITY LINKED SAVINGS SCHEME, 2005 The Equity Linked Savings Scheme, 2005, has been notified vide S.O. No. 1563(E), dated 3rd November, 2005. The Central Board of Direct Taxes has clarified that investments made on or after 1st April, 2005, in plans, which are in accordance with ELSS 1992 or ELSS 1992 as amended in 1998 are also eligible for tax benefit under section 80C of the Income-tax Act, 1961. PIB Press Release, New Delhi, dated 11-11-2005.