https://www.taxtmi.com/article/detailed?id=1904 The Rajiv Gandhi Equity Savings Scheme provides a targeted tax deduction for first time individual retail investors identified by PAN who meet an income ceiling and invest up to a prescribed maximum in specified listed securities, eligible public offers, and qualifying ETFs or mutual funds. Investments may be made in installments in the claim year. A three year currency restriction applies, including an initial one year trading lock; subsequent trading is allowed subject to maintenance of portfolio value and recrediting of RGESS compliant securities for sold holdings, with valuation based on the preceding day's closing price. Non compliance results in withdrawal of the tax benefit. en-us Fri, 28 Sep 2012 07:30:28 +0530 Fri, 28 Sep 2012 07:30:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1904 The Rajiv Gandhi Equity Savings Scheme provides a targeted tax deduction for first time individual retail investors identified by PAN who meet an income ceiling and invest up to a prescribed maximum in specified listed securities, eligible public offers, and qualifying ETFs or mutual funds. Investments may be made in installments in the claim year. A three year currency restriction applies, including an initial one year trading lock; subsequent trading is allowed subject to maintenance of portfolio value and recrediting of RGESS compliant securities for sold holdings, with valuation based on the preceding day's closing price. Non compliance results in withdrawal of the tax benefit. Articles Service Tax Fri, 28 Sep 2012 07:30:28 +0530 https://www.taxtmi.com/article/detailed?id=1904