https://www.taxtmi.com/acts?id=18144 The Scheme requires a three year holding comprising a fixed lock in (from purchase to 31 March following the purchase year) during which sale, pledge or hypothecation is prohibited, followed by a two year flexible lock in permitting trading only if the demat account is compliant for at least 270 days each year as measured by portfolio value relative to the investment claimed for deduction; valuation during the flexible period uses the previous trading day's closing price, credits above compliance count as fresh investments, the demat balance must not fall below the fixed lock in value, and involuntary corporate actions do not affect deductions while voluntary debit actions are treated as sales. en-us Tue, 07 Jan 2014 14:15:34 +0530 Tue, 07 Jan 2014 14:15:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18144 The Scheme requires a three year holding comprising a fixed lock in (from purchase to 31 March following the purchase year) during which sale, pledge or hypothecation is prohibited, followed by a two year flexible lock in permitting trading only if the demat account is compliant for at least 270 days each year as measured by portfolio value relative to the investment claimed for deduction; valuation during the flexible period uses the previous trading day's closing price, credits above compliance count as fresh investments, the demat balance must not fall below the fixed lock in value, and involuntary corporate actions do not affect deductions while voluntary debit actions are treated as sales. Act-Rules Direct Taxes Tue, 07 Jan 2014 14:15:34 +0530 https://www.taxtmi.com/acts?id=18144