what comes under 80ccg In this article we look at investments eligible for deduction under Section 80CCG Important Update Deduction under Section 80CCG has been discontinued
Discover the benefits of the section 80CCG deduction under the Rajiv Gandhi Equity Savings Scheme RGESS Learn about the eligibility criteria Section 80CCG of Income Tax Act Under this section individuals can avail for deductions by investing in the equity market thereby encouraging individuals to invest in equities
what comes under 80ccg
what comes under 80ccg
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Section 80CCG Rajiv Gandhi Equity Saving Scheme RGESS To promote the Retail Investor to invest in Shares and Mutual Funds the Govt has introduced the Rajiv Gandhi What are the investments that are eligible for deduction under Section 80CCG First time investors who invest in any of the following securities are eligible for
Section 80CCG of the Income Tax Act was introduced in the Finance Act 2012 It is also known as the Rajiv Gandhi Equity Savings Scheme RGESS The idea behind the Section 80CCG Meaning Eligibility Deduction Note Deduction under section 80CCG has been discontinued starting from 1st April 2017 If you are investing in equities for the first
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Tax Benefit under Section 80CCG In conclusion Frequently Asked Questions FAQs Conditions to avail benefit under 80CCG To avail the benefits of this Here are the various features and benefits you can avail under Section 80CCG Tax Deduction You can get up to 50 tax deduction benefits on a maximum investment of
However a deduction of 22 500 50 of 45 000 was allowed under section 80 CCG in respect of investment of 15 000 in units of equity oriented fund in Section 80CCG provides incentives to those who invest in the equity market and is popularly called the Rajiv Gandhi Equity Saving Scheme This improves savings among
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what comes under 80ccg - Section 80CCG Rajiv Gandhi Equity Saving Scheme RGESS To promote the Retail Investor to invest in Shares and Mutual Funds the Govt has introduced the Rajiv Gandhi