Tag: RGESS

HomeArchives

Can I invest more than Rs.50,000 and claim tax benefit under RGESS?

One may invest any amount in a demat account designated under RGESS, but the benefit under the Scheme can be claimed only on investment up to Rs. 50,000. However, you have the freedom to select the stocks to be kept...

Continue Reading  

How Can I Avail Tax Benefit Under RGESS ?

The tax deduction for RGESS is u/s 80CCG and it is over and above the Rs. 1 lakh limit specified under Section 80C. Further, it is not mandatory for citizens to exhaust the limit of Rs 1 lakh specified under...

Continue Reading  

How much tax deduction will I be eligible for under RGESS?

You will be eligible to get tax deduction u/s 80CCG on 50% of the amount invested. Let us say, you invest Rs.50,000 under RGESS, the amount eligible for tax deduction will be Rs.25,000 from your taxable income. Let us say,...

Continue Reading  

Can I Take Tax Benefit on RGESS Every Year ?

The Scheme, as such, is designed for only the first time new investors. Since they can be ?ew?only in the first year of entering the market, the benefits of the Scheme is limited to only one year for a particular...

Continue Reading  

Can I Split RGESS Investment in Different Financial Year ?

No. Only the investment during the first financial year can be booked as investment under RGESS to claim deduction.

Continue Reading  

What is the Maximum Investment Amount Under RGESS ?

There is no maximum prescribed limit for your investments in securities market. However, RGESS benefits will be available only for investments in eligible securities upto Rs. 50,000. This investment can be made in installments. However, the benefits can be availed...

Continue Reading  

Which Are the Stock Invested Under RGESS ?

The investment options under the scheme will be limited to the following categories of equities ? Listed equity shares 1. The top 100 stocks at NSE and BSE i.e., CNX-100 / BSE -100 (This does not mean that one has...

Continue Reading