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Q.

What is Rajiv Gandhi mutual fund scheme

Tags: money, mutual fund, rajiv gandhi
Asked by alok khatore, 10 Feb 09:25 am
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Answers (4)

1.

Mutual Fund schemes that would invest in eligible securities as per the Rajiv Gandhi Equity Savings Scheme (RGESS), 2012.
This scheme gives a special tax benefit to first-time investors. The schemes are similar to ELSS, however, to claim the tax benefit of investing in the schemes under RGESS, they should meet the requirements of new retail investor as defined under clause 3 sub-clause (ix) of RGESS, 2012

I came across this intersting artilce: Rajiv Gandhi Equity Savings Scheme is good only in parts http://www.moneylife.in/article/rajiv-gandhi-equity-savings-schem e-is-good-only-in-parts/28652.html
Source: http://www.moneylife.in
Answered by Sanjay Shah, 20 Feb 06:32 pm

 
  
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2.

For all individuals in the country who never have any exposure in the Equity market and whose gross income is less than Rs. 10 lakh, it is really a good time to make investment decision for making investment in Rajiv Gandhi Equity Savings Scheme 2012 whereby they are able to save income-tax and also start learning about making investment in the stock market..!
Answered by Dil Se, 10 Feb 02:31 pm

 
  
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3.

You can save one,zero,zero under section eightyC',
Direct Tax code is postponed, so will not be applicable for this year.

what changes in tax saving this year for financial year two thousand and twelve-thirteen

Section eightyCCF under which deduction was allowed for investment in infrastructure bonds in two thousand and ten-eleven and two thousand and eleven-twelve has not been extended for two thousand and twelve-thirteen;

for any insurance premium paid from April one, two thousand and twelve onwards, it should not exceed ten per cent of the sum assured.

Rajiv Gandhi Equity Savings scheme will be introduced from April two thousand and twelve, but not complete details related to this saving scheme for tax savings purpose.

Union Budget proposed Introduction of the Rajiv Gandhi Equity Saving Scheme wherein small investors get annual tax exemptions on equity investments up to fifty thousand Rs with three years lock in. This new equity savings scheme to provide for income ta ...more
Answered by Karan, 10 Feb 01:43 pm

 
  
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4.

There are many a schemes doing rounds on the paper, however, God only know which is what?
Source: siachen
Answered by Siachen, 10 Feb 10:57 am

 
  
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