Rajiv gandhi equity saving scheme

1. As per your first query,   New Investor states that any resident individual, who has not opened a demat account and has not made any transactions in the derivative segment as on the date of notification of the scheme, will fall under the definition of ‘new retail investor’.

Also, any individual who has opened a demat account before the scheme’s notification, but has not made any transactions in the equity segment or the derivative segment till the date of notification, will be considered as ‘new retail investor’.

2. As per your second query, you can't enjoy this scheme for the financial year when you recieve arrear income,  person can enjoy this scheme only when his total income upto 10 lakh, not exceeds to it.

Thanks

Diksha