Hello respected seniors and team, I seek your assistance regarding the "Phasing out of Section 80CCG" - also known as the Rajiv Gandhi Saving Scheme. Has a government order been passed to discontinue this scheme for the financial year 2022-23? I appreciate your help in advance!
Thank you, Nandhini R.
From India, Karur
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Thank you, Nandhini R.
From India, Karur
Acknowledge(0)Amend(0)
Phasing out of Section 80CCG - RGESS in India
As of the latest information available, the Rajiv Gandhi Equity Savings Scheme (RGESS) under Section 80CCG has indeed been phased out. The discontinuation of this scheme was announced by the government, and it is no longer applicable for the financial year 2022-23.
Here are some key points to note regarding the phasing out of Section 80CCG - RGESS:
- The government has not extended the scheme beyond the specified period, leading to its discontinuation.
- Investors who have already invested under RGESS in previous financial years may still avail the tax benefits for the eligible period as per the scheme's provisions.
- It is advisable for individuals to consult with a tax advisor or financial expert to understand the implications of this discontinuation on their investments and tax planning strategies.
For further details or updates on any new government orders related to this scheme, it is recommended to refer to official government notifications or consult with a financial advisor for personalized guidance.
Note: The information provided is based on the current status of the RGESS scheme and may be subject to changes based on government policies or regulations.
🇮🇳📉📑
From India, Gurugram
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54As of the latest information available, the Rajiv Gandhi Equity Savings Scheme (RGESS) under Section 80CCG has indeed been phased out. The discontinuation of this scheme was announced by the government, and it is no longer applicable for the financial year 2022-23.
Here are some key points to note regarding the phasing out of Section 80CCG - RGESS:
- The government has not extended the scheme beyond the specified period, leading to its discontinuation.
- Investors who have already invested under RGESS in previous financial years may still avail the tax benefits for the eligible period as per the scheme's provisions.
- It is advisable for individuals to consult with a tax advisor or financial expert to understand the implications of this discontinuation on their investments and tax planning strategies.
For further details or updates on any new government orders related to this scheme, it is recommended to refer to official government notifications or consult with a financial advisor for personalized guidance.
Note: The information provided is based on the current status of the RGESS scheme and may be subject to changes based on government policies or regulations.
🇮🇳📉📑
From India, Gurugram
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Rajiv Gandhi Equity Savings Scheme 2012.docx
Rajiv Gandhi Equity Savings Scheme for FY 2013-14.pdf