https://www.taxtmi.com/notifications?id=5465 The Equity Linked Savings Scheme permits eligible assessees to invest in units of Unit Trusts or specified Mutual Funds under formulated plans subject to minimum subscription rules and a prescribed holding period before units may be tendered for repurchase. Units become transferable only after the holding period. Funds of plans must be principally invested in equities and convertible instruments, with temporary investment allowed in liquid instruments; repurchase prices are periodically announced, may reflect unrealised appreciation subject to specified deductions, and plans have a capped operational life with early termination permitted where most units are repurchased. en-us Thu, 03 Nov 2005 00:00:00 +0530 Thu, 24 Jul 2008 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=5465 The Equity Linked Savings Scheme permits eligible assessees to invest in units of Unit Trusts or specified Mutual Funds under formulated plans subject to minimum subscription rules and a prescribed holding period before units may be tendered for repurchase. Units become transferable only after the holding period. Funds of plans must be principally invested in equities and convertible instruments, with temporary investment allowed in liquid instruments; repurchase prices are periodically announced, may reflect unrealised appreciation subject to specified deductions, and plans have a capped operational life with early termination permitted where most units are repurchased. Notifications Income Tax Thu, 03 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/notifications?id=5465