Newly introduced sec 80ccg

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 November 2012 Income tax deduction u/s 80ccg under rajiv gandhi Equity Saving Scheme.

Is this scheme is available in market? If yes How can I purchase it. (procedure)

29 November 2012 open a demat account, and buy share any for lock in period of 3 yeras.


applies only if you have never invested in share market befoe......

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 November 2012 If investment was made in past (i.e. when there is no deduction available U/S 80CCG) and then after shares were sold. Deduction availble under this section? Currently there is no investment in shares..

29 November 2012 No, Then 80CCG is Not Available.
Available to Those Who are New in Both Primary & Secondary market.

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Querist : Anonymous

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29 November 2012 If I have already demat account. I open second demat account for this deduction. Then deduction under said section will be available?

29 November 2012 no, if you had made transaction earlier in your first demat account...


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