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You may be aware that NSDL is the first and largest depository in India promoted by institutions of national stature. Over 12 million investors spread across the length and breadth of the country are maintaining their depository accounts with NSDL.
You will be pleased to know about the tax benefits scheme announced by the Government of India viz., Rajiv Gandhi Equity Savings Scheme, 2012 (RGESS), under which ‘New Retail Investors’ can avail additional tax benefit (i.e., deduction) for investments made in eligible securities which include equity shares of select companies and RGESS compliant Mutual Fund Schemes and Exchange Traded Funds. The deduction from the income is 50% of investment made. The maximum deduction is Rs.25,000 under Section 80CCG. This deduction is over and above the limit of Rs.1,00,000 currently available under Section 80C of Income Tax Act.
You will be pleased to know about the tax benefits scheme announced by the Government of India viz., Rajiv Gandhi Equity Savings Scheme, 2012 (RGESS), under which ‘New Retail Investors’ can avail additional tax benefit (i.e., deduction) for investments made in eligible securities which include equity shares of select companies and RGESS compliant Mutual Fund Schemes and Exchange Traded Funds. The deduction from the income is 50% of investment made. The maximum deduction is Rs.25,000 under Section 80CCG. This deduction is over and above the limit of Rs.1,00,000 currently available under Section 80C of Income Tax Act.