https://www.taxtmi.com/article/detailed?id=1973 Section 80CCG provides a limited tax deduction for resident individuals investing in specified listed equity securities under the Rajiv Gandhi Equity Savings Scheme, available only once to qualifying new retail investors with gross total income within the prescribed limit. The scheme requires designation or opening of a demat account, specified declarations, and subjects eligible investments to a fixed lock in followed by a flexible lock in during which account compliance is measured by portfolio value; breach of conditions causes the deduction to be deemed income and taxed. Depository participants bear certification and reporting obligations, and SEBI issued operational clarifications. en-us Wed, 19 Dec 2012 07:20:44 +0530 Wed, 19 Dec 2012 07:20:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1973 Section 80CCG provides a limited tax deduction for resident individuals investing in specified listed equity securities under the Rajiv Gandhi Equity Savings Scheme, available only once to qualifying new retail investors with gross total income within the prescribed limit. The scheme requires designation or opening of a demat account, specified declarations, and subjects eligible investments to a fixed lock in followed by a flexible lock in during which account compliance is measured by portfolio value; breach of conditions causes the deduction to be deemed income and taxed. Depository participants bear certification and reporting obligations, and SEBI issued operational clarifications. Articles Income Tax Wed, 19 Dec 2012 07:20:44 +0530 https://www.taxtmi.com/article/detailed?id=1973