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RAJIV GANDHI EQUITY SAVINGS SCHEME NOTIFIED

Posted @ December 25, 2012, 10:11 am under (INCOME TAX)

RAJIV GANDHI EQUITY SAVINGS SCHEME NOTIFIED

The Central Board of Direct Taxes (CBDT) has notified The Rajiv Gandhi Equity Savings Scheme (RGESS), to encourage small investors to channelise their savings into domestic capital markets.
The new retail investor will be eligible for a deduction on the actual amount invested in 'Eligible Securities' in the first financial year, subject to maximum deduction limit of Rs. 50,000.

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