TMI BlogInsertion of new section 80CCG.X X X X Extracts X X X X X X X X Extracts X X X X ..... 1) Where an assessee, being a resident individual, has, in a previous year, acquired listed equity shares in accordance with a scheme, as may be notified by the Central Government in this behalf, he shall, subject to the provisions of sub-section (3), be allowed a deduction, in the computation of his total income of the assessment year relevant to such previous year, of fifty per cent of the amou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d under the scheme referred to in sub-section (1); ( iv ) the investment is locked-in for a period of three years from the date of acquisition in accordance with the scheme referred to in sub-section (1); and ( v ) such other condition as may be prescribed. (4) If the assessee, in any previous year, fails to comply with any condition specified in sub-se ..... X X X X Extracts X X X X X X X X Extracts X X X X
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