https://www.taxtmi.com/manuals?id=898 Deduction under the Rajiv Gandhi Equity Savings Scheme was available to a resident individual who was a first-time retail investor and whose gross total income did not exceed 12 lakh. The deduction applied to investment in listed equity shares or listed units of an equity oriented fund acquired under a notified scheme, and the investment had to remain locked in for three years from the date of acquisition. The provision operated over and above the deduction under section 80C. The deduction was limited to 50% of the amount invested, subject to a maximum of 25,000, and was allowable for three consecutive assessment years beginning with the year of first acquisition. en-us Wed, 12 Aug 2015 18:26:00 +0530 Tue, 30 Jun 2026 13:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=898 Deduction under the Rajiv Gandhi Equity Savings Scheme was available to a resident individual who was a first-time retail investor and whose gross total income did not exceed 12 lakh. The deduction applied to investment in listed equity shares or listed units of an equity oriented fund acquired under a notified scheme, and the investment had to remain locked in for three years from the date of acquisition. The provision operated over and above the deduction under section 80C. The deduction was limited to 50% of the amount invested, subject to a maximum of 25,000, and was allowable for three consecutive assessment years beginning with the year of first acquisition. Manuals Income Tax Wed, 12 Aug 2015 18:26:00 +0530 https://www.taxtmi.com/manuals?id=898