Equity savings deduction limited to one-time claim, subject to demat lock-in, Form B declaration and Scheme conditions. New retail investors may buy eligible securities in one or more transactions during the year, with the deduction amount capped. Eligible securities credited to the demat account are automatically subject to a one year lock in unless excluded by a Form B declaration. Deduction applies only for the first financial year without a Form B declaration and may be claimed only once by the investor. A three trading day grace period after year end applies to crediting purchases; non eligible securities held in the demat account do not count for Scheme benefits. Deduction is withdrawn if lock in or other Scheme conditions are violated.
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Provisions expressly mentioned in the judgment/order text.
Equity savings deduction limited to one-time claim, subject to demat lock-in, Form B declaration and Scheme conditions.
New retail investors may buy eligible securities in one or more transactions during the year, with the deduction amount capped. Eligible securities credited to the demat account are automatically subject to a one year lock in unless excluded by a Form B declaration. Deduction applies only for the first financial year without a Form B declaration and may be claimed only once by the investor. A three trading day grace period after year end applies to crediting purchases; non eligible securities held in the demat account do not count for Scheme benefits. Deduction is withdrawn if lock in or other Scheme conditions are violated.
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