https://www.taxtmi.com/acts?id=18145 Non compliance by a new retail investor renders the section 80CCG deduction taxable in the year of failure. For demat accounts failing flexible lock in conditions, if the portfolio corresponds to one assessment year that year's deduction is taxed; if it spans two years, taxation depends on whether the portfolio value for 270 days meets thresholds relative to the claimed values, resulting in taxation of the deduction for one year or the aggregate for both. After charging tax, the remaining required portfolio value must equal or exceed the original claimed value less the value charged to tax. en-us Tue, 07 Jan 2014 14:16:30 +0530 Tue, 07 Jan 2014 14:16:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18145 Non compliance by a new retail investor renders the section 80CCG deduction taxable in the year of failure. For demat accounts failing flexible lock in conditions, if the portfolio corresponds to one assessment year that year's deduction is taxed; if it spans two years, taxation depends on whether the portfolio value for 270 days meets thresholds relative to the claimed values, resulting in taxation of the deduction for one year or the aggregate for both. After charging tax, the remaining required portfolio value must equal or exceed the original claimed value less the value charged to tax. Act-Rules Direct Taxes Tue, 07 Jan 2014 14:16:30 +0530 https://www.taxtmi.com/acts?id=18145