Ask Value Research

Redeeming ELSS Investments

This can be done if an ELSS investment in tax returns was not filed

28-Dec-2009•Value Research

I had invested in ELSS funds one year ago, but I have not claimed this investment while filing tax returns. Can I withdraw even though 3-year lock-in is not complete?

ELSS is a tax saving fund with a lock-in period of 3 years that allows investors tax deduction of investment up to Rs 1 lakh. One should plan out these investments rather than investing on a whim.

You can withdraw your investment if you are able to secure a certificate from the Income Tax Department that you haven’t made a claim against this investment.

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