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of <h1>Section 80CCG: Tax Deduction for New Retail Investors in Equity Shares, Limited to 25,000 Rupees with Conditions</h1> Section 80CCG of the Income-tax Act, introduced by the Finance Act, 2012, allows a resident individual to claim a deduction for investments in listed equity shares under a government-notified equity savings scheme. The deduction is 50% of the investment, capped at 25,000 rupees, and is available only once, not in subsequent years. Conditions include a gross total income not exceeding 10 lakh rupees, being a new retail investor, investment in specified shares, a three-year lock-in period, and compliance with prescribed conditions. Non-compliance results in the deduction being added back to income and taxed accordingly.
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