I redeemed my investement in an ELSS fund after the mandatory #year lock in period. Will the amount received be taxable ?
The long term gain will be taxed at 10%. For Investement made before 1 Feburary 2019,the cost of acquisition will be the higher of the actual cost at the time of making the investment or its market value as on jan 2019.
However ,if the sale price is less than the market value,then the higher of cost and sale value will be considered for calculating the gain.
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