Rgess eligibility

Tax queries 374 views 1 replies
I have invested earlier in 2008 in MF and redeemed in 2010. Afterwards, again from Sep 2011 I am investing in MF (not through DEMAT) and I am also not holding any direct equity exposure or trading A/c. The MF schemes are HDFC top 200, HDFC Balanced, ICICI pru Bluchip, UTI Dividend yield, ICICI banking and ICICI Balanced. Will I be eligible for tax benefit under RGESS? if yes, then under which MF schemes held (from above) for the period of FY 2012-13. Kindly clarify.
Replies (1)

Hi

 

i do not think you will be eligible...

AS RGESS clearly states that the scheme is only for first time equity investor. As you have written that you have invested in MF in 2008 you may not be eligible...

 

However we need to wait and lsit from more senior member of the forum as I am too not much sure...


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