Sec 80CCG of Income Tax Act: Deduction in respect of investment made under an equity savings scheme
#deduction #investment #equity #savings #scheme The section states that: (1) Where an assessee, being a resident individual, has, in a previous year, acquired listed equity shares or listed units of an equity oriented fund in accordance with a scheme, as may be notified by the Central Government in this behalf, he shall, subject to the provisions of sub-section (3), be allowed a deduction, in the computation of his total income of the assessment year relevant to such previous