The Rajiv Gandhi Equity Savings Scheme (RGESS) was announced by the Union Budget in 2012-13 and further expanded in 2013-14. It is a tax … Visa mer The tax deduction under this scheme is for new retail investors who fulfill the following the criteria: 1. Retail investors who are Residents of India 2. The investor has no history of trading in the derivatives market and equity … Visa mer The aim of the scheme is to expand the base of retail investors in the securities markets of India and in turn bring about financial inclusion and financial stability. It encourages the … Visa mer Investors can make investments in RGESS through their DEMAT account. The eligible securities that are bought through a DEMAT account are automatically locked-in during the first year. … Visa mer Webb23 juli 2024 · Section 80CCG: Rajiv Gandhi Equity Saving Scheme (RGESS) Investing in the share market is a necessary process to grow capital. The Government has pulled out …
Should you invest in RGESS for tax saving? - The Economic Times
WebbStarting from 1st April 2024 the scheme is being phased out. Due to this phasing out, a new investor after Financial Year 2024-18 will not be eligible to claim a tax deduction under section 80CCG. The shares you have purchased under the RGESS scheme, will not be visible on Kite, as these shares will be under the lock-in-period of 3 years . Webb19 maj 2024 · The Rajiv Gandhi Equity Savings Scheme was introduced in Budget 2012. This deduction was over and above the 80C deduction available to individuals. Key … ot committee\\u0027s
Frequently Asked Questions on Rajiv Gandhi Equity Savings Scheme …
Webb18 okt. 2024 · Rajiv Gandhi Equity Saving Scheme or RGESS was a mutual fund along with tax advantage that was offered by the Government of India to encourage flow of savings … Webb22 dec. 2016 · If you earn less than Rs 12 lakh per year and have never invested in equities before, you are eligible to invest in RGESS. You can invest in the scheme and claim a tax deduction of up to Rs 25,000 under Section 80CCG of the Income Tax Act. You can either buy specified stocks or mutual fund units notified under RGESS. Webb29 nov. 2024 · Procedure to invest in the Rajiv Gandhi Equity Savings SchemeIndividuals must submit Form A with a Depository Participant to open a demat account. ... In the year when deductions must be claimed, investors will be able to invest in eligible securities by making one or more transactions.More items... ot commentator\\u0027s