Regarding rajiv gandhi equity saving scheme
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 November 2012
I have query for RGESS, particularly this clause "Scheme is open to new retail investors, identified on the basis of their PAN numbers. This includes those who have opened the Demat account but have not made any transaction in equity and /or in derivatives till the date of notification of this Scheme"
I have opened a Demat account by Dec 2010, and purchased Long term IDFC Infra bond(80CCF) on Jan 2011.
Also before opening Demat account, I have purchased tax saver mutual fund's(Not through Demat) between 2007-2010.
I want to know whether I am eligible to get benefit under this scheme if purchase Equity share's with the existing Demat account.
Appreciate for any early response.
I have opened a Demat account by Dec 2010, and purchased Long term IDFC Infra bond(80CCF) on Jan 2011.
Also before opening Demat account, I have purchased tax saver mutual fund's(Not through Demat) between 2007-2010.
I want to know whether I am eligible to get benefit under this scheme if purchase Equity share's with the existing Demat account.
Appreciate for any early response.
02 December 2012
It can easily be said that you have not made any transaction in equity or derivatives.
.
IDFC infra Bond is covered under the definition of a Bond which is different from a derivative.
.
In my view, you are eligible to take advantage of the scheme.
.
.
IDFC infra Bond is covered under the definition of a Bond which is different from a derivative.
.
In my view, you are eligible to take advantage of the scheme.
.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Fixe term employment
- Is any professional CA is here please reply
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Gift Received from nonblood relative
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Experts need help
- Section 50-fixed asset-->building ceases to exist
- Putting a heading on received mail
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
