n NISM Certifications
NSM General NISM
Medium

Which tax benefit is associated with the Equity Linked Savings Scheme (ELSS)?

Practice question from B8-S2 Product Expertise — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Deduction under Section 80C up to Rs. 1.5 lakhs

    Correct answer

  2. B

    Exemption from long-term capital gains tax

  3. C

    No lock-in period

  4. D

    Tax deduction under Section 10(10D)

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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