WebMar 5, 2024 · It’s introduced under a new Section 80 CCG, which would give you deductions in respect of investments made under the Rajiv Gandhi Equity Savings Scheme. The Scheme not only encourages the flow of savings and improves the depth of domestic capital markets, but also aims to promote an ‘equity culture’ in India. WebDec 13, 2024 · 1) Equity saving schemes are hybrid funds that invest in equity, debt and arbitrage securities. 2) The equity component helps beat inflation while debt and …
What is an equity savings scheme? - The Economic Times
WebEquity savings invest the total fund amount between equity funds, debt funds and arbitrage. This scheme is a relatively new financial instrument introduced to the Indian money market. Diversification of fund investment helps to neutralise the volatility related to the stock market to quite an extent. The investment pattern followed by Equity ... WebFinance Minister approves the Operational Features of the Rajiv Gandhi Equity Savings Scheme (RGESS) The Union Finance Minister Shri P. Chidambaram approved a new tax saving scheme called “Rajiv Gandhi Equity Saving Scheme“(RGESS),exclusively for the first time retail investors in Securities Market. brett hutton rheumatologist
Deduction under section 80CCG - TaxGuru
WebIDBI RAJIV GANDHI EQUITY SAVINGS SCHEME- SERIES I A Close-ended growth scheme offering income tax benefits under Section 80 CCG of the IT Act, 1961 Offering 2 Plans for investment, IDBI RGESS Series I - Plan A & IDBI RGESS Series I - Plan B ... 80CCG to give tax benefits to new retail investors in the equity markets. As per section … WebAug 15, 2024 · Section 80 CCG – Investment made under equity saving scheme Under this guide, we will understand all about income tax deduction under section 80C, 80CCD, 80CCC & 80CCG. Whether the taxpayer filling there returns in ITR I to V, the deduction under section 80C and their subsections are permitted. WebMar 1, 2024 · To encourage new investors to Invest in Stock Market, this scheme has been introduced.This scheme is only for new Investors who have Gross Total Income up to 12 lacs. They get deduction on investment in certain shares/units of equity oriented fundSection 80CCGThis deduction is available toResident I bretonnia king