Should I continue my ELSS if I am moving abroad?

Q & A Forum › Category: Investments › Should I continue my ELSS if I am moving abroad?

MP asked 7 years ago

Hi Sreekanth, I would like to start off by saying Thank You for the wonderful job you're doing. My question is - I will be moving abroad soon and wanted to know if I should continue SIP's in my ELSS till end of this financial year? Since I will not be earning income in India once I move out, does it still make sense to continue my ELSS SIP's till end of the fin year to save tax? Thanks in advance.

1 Answers

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Sreekanth Staff answered 7 years ago

Hi, Thank you for your appreciation! If this is primarily for tax saving, you may skip the future SIPs (assuming you do have any taxable income from sources in India for this FY 2019-20).

Sreekanth Staff replied 7 years ago

But, do continue with your other investments as per your Financial goals..