https://www.taxtmi.com/article/detailed?id=1981 Section 80CCG grants a one time deduction equal to fifty per cent of investments in specified listed equity securities under the Rajiv Gandhi Equity Savings Scheme, 2012, subject to a maximum deduction of twenty five thousand rupees (maximum eligible investment fifty thousand rupees). Eligibility requires resident individual status as a new retail investor, gross total income not exceeding ten lakh rupees, investment in Scheme specified securities, compliance with a fixed lock in followed by a two year flexible lock in with 270 day compliance each year, and procedural demat account designations and declarations; breach results in withdrawal and deeming of the deduction as taxable income. en-us Wed, 26 Dec 2012 10:25:32 +0530 Wed, 26 Dec 2012 10:25:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1981 Section 80CCG grants a one time deduction equal to fifty per cent of investments in specified listed equity securities under the Rajiv Gandhi Equity Savings Scheme, 2012, subject to a maximum deduction of twenty five thousand rupees (maximum eligible investment fifty thousand rupees). Eligibility requires resident individual status as a new retail investor, gross total income not exceeding ten lakh rupees, investment in Scheme specified securities, compliance with a fixed lock in followed by a two year flexible lock in with 270 day compliance each year, and procedural demat account designations and declarations; breach results in withdrawal and deeming of the deduction as taxable income. Articles Income Tax Wed, 26 Dec 2012 10:25:32 +0530 https://www.taxtmi.com/article/detailed?id=1981