R/Sir,
Please inform me whether this year any new scheme is there in which investment in shares are deductble from income for income tax calculation purpose.
Thanks n regards
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Saving tax on investing in shares
Replies (1)
Hey Hi,
80CCG – Direct Equity Investment – Under ‘Rajiv Gandhi Equity Savings Scheme’ – a new equity investor will be able to claim 50% of his investment in direct equity as deduction subject to maximum investment of Rs. 50,000 and provided his taxable income is below Rs. 10 lacs. The investment will be subject to 3 years lock-in.
Read more: https://howtobuybest.in/tax-planning-how-to-save-tax-in-fy-2012-13-ay-2013-14/#ixzz2Ax9i2sEB
Rgds//Vaibhav
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