Deduction in respect of investment made under Rajiv Gandhi Equity Saving Scheme - (old) Section 80CCG [ Upto 31.03.2018 ]

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.... Commonly known as Rajiv Gandhi Equity Savings scheme. The purpose of the scheme was to increase the savings for the investors who invest in domestic capital market. The tax saving scheme came into effect post 2012-13 was phased out completely since 1st April 2017 due to lack of adoption. Eligibility • Resident individual • This section provides deduction in respect ....

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.... • However, the amount of deduction under this provision cannot exceed 25,000. • The deduction is allowed for three consecutive AY's beginning with the AY in which the listed equity shares or units were first acquired. Withdrawal of deduction: • If the assesse, after claiming the aforesaid deduction, fails to satisfy the above conditions, the deduction origin....