TMI BlogDeduction in respect of investment made under Rajiv Gandhi Equity Saving Scheme - Section 80CCGX X X X Extracts X X X X X X X X Extracts X X X X ..... o increase the savings for the investors who invest in domestic capital market. The tax saving scheme came into effect post 2012-13 was phased out completely since 1st April 2017 due to lack of adoption. Eligibility Resident individual This section provides deduction in respect of investment made under notified equity saving scheme, for first time investors only. This section is over and above the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... : If the assesse, after claiming the aforesaid deduction, fails to satisfy the above conditions, the deduction originally allowed shall be deemed to be the income of the assessee of the year in which default is committed. Note:- No deduction under this section shall be allowed in respect of any AY commencing on or after the 01.04.2018. However, if an assessee who has claimed deduction under this s ..... X X X X Extracts X X X X X X X X Extracts X X X X
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