Rajiv gandhi equity

This query is : Resolved

VIJAYA RAGHAVA SAI RAM (Querist)
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02 February 2014 Sir,

What is the exemption if an amount of 50K purchased in FY 2012-13 and another 50K purchased in FY2013-14.

Is it 25K for 2012-13 and 25K for 2013-14

or

25k for 2012-13 and 2013-14?

@VaibhavJ

@VaibhavJ (Expert)
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02 February 2014 Hi

benefit is available only once so if you claim benefit under this section then you are no more new retail investor & no benefit can be claimed in any subsequent year.

Thx

VIJAYA RAGHAVA SAI RAM

VIJAYA RAGHAVA SAI RAM (Querist)
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02 February 2014 Means if another 50k invested in Rajiv equity in subesquent FY the exepmtion cannot be availed?

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@VaibhavJ

@VaibhavJ (Expert)
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02 February 2014 Yes you can not avail exemption