Scribd Logo
Unggah

Selamat datang di Scribd!

  • Income Tax Department - 80 CCG

    Diunggah oleh

    chandansinghdei
    9 tayangan1 halaman
    Brief description of section 80 CCG of Income Tax Department. One can easily access and understand this rule.

    Hak Cipta

    © © All Rights Reserved

    Format Tersedia

    PDF, TXT atau baca online dari Scribd

    Apakah menurut Anda dokumen ini bermanfaat?

    Apakah konten ini tidak pantas?

    Laporkan Dokumen Ini
    Brief description of section 80 CCG of Income Tax Department. One can easily access and understand this rule.

    Hak Cipta:

    © All Rights Reserved
    Unduh sebagai PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    9 tayangan1 halaman

    Income Tax Department - 80 CCG

    Diunggah oleh

    chandansinghdei
    Brief description of section 80 CCG of Income Tax Department. One can easily access and understand this rule.

    Hak Cipta:

    © All Rights Reserved
    Unduh sebagai PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    dari 1

    1/27/2016

    IncomeTaxDepartment

    Deductioninrespectofinvestmentmadeunderanequitysavingsscheme.
    80CCG.(1) Where an assessee, being a resident individual, has, in a previous year, acquired listed
    equityshares 28[or listed units of an equityorientedfund]inaccordancewitha scheme,asmaybe
    notified by the Central Government in this behalf, he shall, subject to the provisions of subsection
    (3),beallowedadeduction,inthecomputationofhistotalincomeoftheassessmentyearrelevantto
    suchpreviousyear,offiftypercentoftheamountinvestedinsuchequityshares 28[orunits]tothe
    extentsuchdeductiondoesnotexceedtwentyfivethousandrupees.
    29[(2) The deduction under subsection (1) shall be allowed in accordance with, and subject to, the

    provisionsofthissectionforthreeconsecutiveassessmentyears,beginningwiththeassessmentyear
    relevanttothepreviousyearinwhichthelistedequitysharesorlistedunitsofequityorientedfund
    werefirstacquired.]
    (3)Thedeductionundersubsection(1)shallbesubjecttothefollowingconditions,namely:
    (i) the gross total income of the assessee for the relevant assessment year shall not exceed
    30[twelve]lakhrupees
    (ii)theassesseeisanewretailinvestorasmaybespecifiedundertheschemereferredtoinsub
    section(1)
    (iii)theinvestmentismadeinsuchlistedequityshares 31[orlistedunitsofequityorientedfund]as
    maybespecifiedundertheschemereferredtoinsubsection(1)
    (iv)theinvestmentislockedinforaperiodofthreeyearsfromthedateofacquisitioninaccordance
    withtheschemereferredtoinsubsection(1)and
    (v)suchotherconditionasmaybeprescribed.
    (4)Iftheassessee,inanypreviousyear,failstocomplywithanyconditionspecifiedinsubsection
    (3), the deduction originally allowed shall be deemed to be the income of the assessee of such
    previousyearandshallbeliabletotaxfortheassessmentyearrelevanttosuchpreviousyear.
    31[ Explanation.For the purposes of this section, "equity oriented fund" shall have the meaning

    assignedtoitintheExplanationtoclause(38)ofsection10.]

    about:blank

    1/1

    Anda mungkin juga menyukai