Tax deduction for equity savings enables eligible investors to claim income-tax relief for investments in specified eligible securities. Establishes the Rajiv Gandhi Equity Savings Scheme as a statutory tax incentive allowing investors to claim a deduction in computing total income for the assessment year for investments in specified eligible securities; specifies the short title and commencement upon publication in the Official Gazette and confines the scheme's application to claims under the relevant provision of the Income tax Act for the relevant previous year.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax deduction for equity savings enables eligible investors to claim income-tax relief for investments in specified eligible securities.
Establishes the Rajiv Gandhi Equity Savings Scheme as a statutory tax incentive allowing investors to claim a deduction in computing total income for the assessment year for investments in specified eligible securities; specifies the short title and commencement upon publication in the Official Gazette and confines the scheme's application to claims under the relevant provision of the Income tax Act for the relevant previous year.
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