Chapter XII-DASPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC )
Part CProcedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM )
Chapter XX-BREQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT )
Equity savings scheme deduction allows partial investment deduction for resident new retail investors subject to income, lock in, and eligibility. Deduction under the equity savings scheme allows a resident individual who is a specified new retail investor to claim fifty per cent of qualifying ... Summary
Equity savings scheme deduction allows partial investment deduction for resident new retail investors subject to income, lock in, and eligibility.
Deduction under the equity savings scheme allows a resident individual who is a specified new retail investor to claim fifty per cent of qualifying investment in listed equity shares or units, subject to an overall cap, for three consecutive assessment years from acquisition; eligibility requires specified investments, a three-year lock-in, income below a prescribed ceiling and compliance with other prescribed conditions, and non-compliance renders the deduction taxable as income, with a statutory sunset and transitional allowance for earlier claimants.
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