TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 80CCB: Deductions for ELSS Investments Pre-1992, Taxable on Repurchase or HUF Partition</h1> Section 80CCB of the Income Tax Act provided deductions for investments in Equity Linked Savings Schemes (ELSS) for individuals and Hindu Undivided Families (HUFs) before April 1, 1992. The maximum deduction allowed was 10,000, subject to the limits under section 80C. Eligible investments included units of specified mutual funds or the Unit Trust of India. If the investment was returned through repurchase or plan termination, it was considered taxable income. Additionally, in cases of HUF partition or dissolution of an association, the previously allowed deduction was deemed taxable income for the relevant year.
TaxTMI 
TaxTMI 
