The CBDT has issued a clarificatory notification amending the earlier issued ‘Equity Linked Savings Scheme, 2005’. The first part pertains to the amendment of the definition of ‘year’. A year will now refer to a year commencing from the date of allotment or holding of units (as against the earlier definition of year meaning an … Continue reading Clarificatory Notification on ELSS (Notification 259/2005) dated 13 Dec, 2005