Rajiv gandhi equity

This query is : Resolved 

02 February 2014 Sir,

What is the exemption if an amount of 50K purchased in FY 2012-13 and another 50K purchased in FY2013-14.

Is it 25K for 2012-13 and 25K for 2013-14

or

25k for 2012-13 and 2013-14?

02 February 2014 Hi

benefit is available only once so if you claim benefit under this section then you are no more new retail investor & no benefit can be claimed in any subsequent year.

Thx

02 February 2014 Means if another 50k invested in Rajiv equity in subesquent FY the exepmtion cannot be availed?

02 February 2014 Yes you can not avail exemption


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