Poonawalla fincorps
Poonawalla fincorps

Matter of u/s 80ccg

This query is : Resolved 
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Guest

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Guest (Querist)
24 May 2012 GOOD EVENING TO ALL EXPERTS,
CAN A SALARIED CLASS PERSON CAN TAKE BENFIT OF RAJIV GANDHI EQUITY FUND U/S 80CCG
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
24 May 2012 Yes,

Deduction of 50%(max of Rs. 25000) is allowed to resident individual who is a retail investor as specified therein whose gross total income for the A.Y does not exceed Rs. 10 lakhs.

There are certain other conditions attached to it that will be specified in scheme.

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