ELSS Mutual funds under Section 80c

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  1. Ajay Meda

    Ajay Meda New Member

    Hi,

    I have made an investment of Rs. 12,000 /- in ELSS Mutual funds during the FY 15-16. I have claimed tax exemption for this investment during this year. Since these funds have a lock in period of 3 years, can I avail tax exemption for Rs. 12,000 /- during the FY 16-17 and FY 17-18 as well.

    Please clarify.

    Thanks,
    Ajay
     
  2. rudrabose

    rudrabose Active Member

    No, the deduction is allowed only in the year of investment
     
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