商业与金融事务杂志

Equity Linked Saving Schemes (ElSS) Vis-A-Vis Fixed Income Schemes under the Income Tax Act 1961

Abstract

Surbhi Srivastava*

The main focus of each ruling government has always been to improve the level of savings and investments in the economy. The government of India is always concerned about the capital formation by common people through making time to time suitable amendments in tax laws and to promote financial inclusion. There are variety of investment options available in the market but a best investment option can be something which is beneficial to the investor from the point of view of good returns as well as tax saving. This paper compares the Equity Linked Saving Schemes over other fixed income investment options in the light of Income Tax Act 1961.