Equity savings deduction eligibility expanded to include listed units of equity oriented funds and extended over multiple years.

Amendment to section 80CCG adds listed units of an equity oriented fund as eligible investments for the equity savings scheme deduction, allows the deduction over three consecutive assessment years beginning with the year of first acquisition of the listed equity shares or listed units, raises the gross total income eligibility ceiling to twelve lakh rupees, and defines "equity oriented fund" by reference to the Explanation to clause (38) of section 10; effective from assessment year 2014-15.

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