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RGESS – Save Taxes up to Rs 25000

RGESS - Save Taxes upto Rs 25000 Rajiv Gandhi Equity Savings Scheme, 2012 (RGESS) was introduced in Budget 2012-13 as a new tax saving investment by investing in eligible stocks and mutual funds through Demat account. RGESS would offer tax benefit under the Income Tax Act, 1961 under section 80CCG. (Read more here) RGESS Eligibility: ‘New Retail Investors’ who invest maximum of Rs 50,000 in ‘Eligible Securities’ […] Continue reading →

Rajiv Gandhi Equity Savings Scheme (RGESS): Eligible Stocks & Mutual Funds List

RGESS - Rajiv Gandhi Equity Savings Scheme Rajiv Gandhi Equity Savings Scheme, 2012 (RGESS) is a new tax saving investment scheme announced in the Budget 2012-13. RGESS – List of eligible Stocks: Below is the list of stocks eligible for investment under RGESS on virtue of them being included in CNX-100 or BSE-100 Index. Most of listed Maharatna, Navratna or Miniratna are already […] Continue reading →

Best Tax Saving Mutual Fund / ELSS Fund to invest in 2012-13

Best Tax Saving Mutual Fund - ELSS ELSS (Equity Linked Saving Scheme) also popularly known as Tax Saving Mutual Funds are one of the best investments you can do to save tax and create wealth in the long run. But unfortunately according to the proposed direct tax code ELSS would be a thing of past and it would no more be eligible as tax saving instrument under section 80C of Income tax. Nevertheless Financial […] Continue reading →

Infrastructure Bonds (Sec 80CCF) no more Tax Saving Instrument – FY 2012-13

Infra bonds not eligible for tax benefit FY2012-13 If you were celebrating the tax cuts for next year (FY 2012-13) in Budget 2012, there is some bad news! Infrastructure Bonds would not be eligible as Tax saving instrument under Section 80CCF from FY 2012-13.  What was the benefit? Two years ago there was an additional deduction introduced to encourage investors to put money into […] Continue reading →