Sec. 80ccg rajiv gandhi

Hi Pawan

Find your answer here:

https://www.logiko.co/forum/showthread.php?tid=27

Hi Pawan,
 

1) if you had a demat a/c but not yet traded ever than you can avail the benefit of Sec 80CCG. but if u had traded in earlier or even you have closed that demat a/c or open a new a/c, you cannot avail the deduction u/s 80CCG. Here new investor means Totaly new who going to enter in market first time.

2) deduction for 3 year means if you have invested 20000 in 1st year than Remaining 30000 benefit can be availed in next 2 years.
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But this scheme is violating the right of equality. Two taxpayers are there. Both are paying taxes. But one who has traded in stock market anytime, cannot avail the benefit of sec. 80CCG and on the other hand the other person who has not traded in stock market can avail the benefit of sec. 80CCG.

That means if a person has traded in stock market, he has committed a mistake and he will get the punishment in the form of not getting the deduction.

FREQUENTLY ASKED QUESTIONS ON RAJIV GANDHI EQUITY SAVING SCHEME ISSUED BY MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS

https://www.chdcaprofessionals.com/2013/04/rajivgandhischemefaq.html