https://www.taxtmi.com/acts?id=47314 Insertion of a deduction for investments made under an Equity Linked Savings Scheme allows eligible assessees (individuals, Hindu undivided families, and certain associations of persons or bodies of individuals) to deduct specified amounts invested in units of designated Mutual Funds or the Unit Trust of India in computing total income. Amounts returned to the assessee by repurchase or on plan termination after a deduction has been allowed are treated as the assessee's income of that year and are chargeable to tax; analogous treatment applies on partition or dissolution. en-us Fri, 10 Jan 2025 18:12:32 +0530 Fri, 10 Jan 2025 18:12:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47314 Insertion of a deduction for investments made under an Equity Linked Savings Scheme allows eligible assessees (individuals, Hindu undivided families, and certain associations of persons or bodies of individuals) to deduct specified amounts invested in units of designated Mutual Funds or the Unit Trust of India in computing total income. Amounts returned to the assessee by repurchase or on plan termination after a deduction has been allowed are treated as the assessee's income of that year and are chargeable to tax; analogous treatment applies on partition or dissolution. Act-Rules F. Acts / Amendment Acts Fri, 10 Jan 2025 18:12:32 +0530 https://www.taxtmi.com/acts?id=47314