Matter of u/s 80ccg
This query is : Resolved
Guest
Guest
(Querist)
24 May 2012
GOOD EVENING TO ALL EXPERTS,
CAN A SALARIED CLASS PERSON CAN TAKE BENFIT OF RAJIV GANDHI EQUITY FUND U/S 80CCG
CAN A SALARIED CLASS PERSON CAN TAKE BENFIT OF RAJIV GANDHI EQUITY FUND U/S 80CCG
CA CS Amit S. Kedia
(Expert)
24 May 2012
Yes,
Deduction of 50%(max of Rs. 25000) is allowed to resident individual who is a retail investor as specified therein whose gross total income for the A.Y does not exceed Rs. 10 lakhs.
There are certain other conditions attached to it that will be specified in scheme.
Deduction of 50%(max of Rs. 25000) is allowed to resident individual who is a retail investor as specified therein whose gross total income for the A.Y does not exceed Rs. 10 lakhs.
There are certain other conditions attached to it that will be specified in scheme.
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