What is rajiv gandhi equity savings scheme?

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Brayan Volkman asked a question: What is rajiv gandhi equity savings scheme?
Asked By: Brayan Volkman
Date created: Sun, Aug 15, 2021 3:39 AM
Date updated: Thu, Aug 18, 2022 5:50 PM

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Top best answers to the question «What is rajiv gandhi equity savings scheme»

Rajiv Gandhi Equity Saving Scheme or RGESS was a mutual fund along with tax advantage that was offered by the Government of India to encourage flow of savings of small retail investors in the domestic capital market.

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The Rajiv Gandhi Equity Savings Scheme (commonly referred to as RGESS ), is a tax saving scheme announced in the 2012-2013 Union Budget of India, aimed at first time retail investors. Named after Rajiv Gandhi, the sixth Prime Minister of India, the scheme was announced by the finance minister, P. Chidambaram, on 21 September 2012.

Rajiv Gandhi Equity Saving Scheme or RGESS was a mutual fund along with tax advantage that was offered by the Government of India to encourage flow of savings of small retail investors in the domestic capital market. It was announced in the Union Budget of 2012-13 and extended in 2013-2014.

The Rajiv Gandhi Equity Savings Scheme (RGESS) was announced by the Union Budget in 2012-13 and further expanded in 2013-14. It is a tax saving scheme. It is designed exclusively for new investors with little or no experience in the securities market and who have their gross income per year below a certain amount.

Rajiv Gandhi Equity Savings Scheme (RGESS), is a tax saving scheme announced in the Union Budget 2012-13 (para 35) and further expanded vide Union Budget 2013-14 (para 61 & 144). The scheme is designed exclusively for the first time individual investors in securities market, whose gross total income for the year is below a certain limit.

Rajiv Gandhi Equity Savings Scheme (RGESS) With an objective to encourage flow of savings of the small investors in domestic capital market, the Government of India (GOI) announced a scheme named Rajiv Gandhi Equity Savings Scheme, 2012 (RGESS) in the Union Budget 2012-13 and further expanded vide Union Budget 2013-14 (Notification dated December 18, 2013) to offer tax benefits to ‘New Retail Investors’.

The Rajiv Gandhi Equity Savings Scheme was introduced to offer tax benefits for individuals investing in the equity market. The Equity Linked Saving Scheme or ELSS, was another scheme that offers similar tax benefits under Section 80C. However, there are some differences to be noted while going for either of the two schemes for your investments.

Rajiv Gandhi Equity Scheme: Step-by-Step DO AND DON’TS Though the 3-year lock-in clause offers some flexibility, the investor definition clause can sometimes be a deterrent The Rajiv Gandhi Equity Savings Scheme (RGESS) is likely to appeal to small investors with gross total earnings up to R12 lakh and those who wish to save tax by investing ...

Rajiv Gandhi Equity Savings Scheme has been launched with the objective of encouraging savings of small investors in the domestic capital market. Anybody who has not invested in equities before and has a gross total annual income of Rs10 lakh or less.

The Rajiv Gandhi Equity Savings Scheme (RGESS) offers a rebate to first time retail investors with annual income. The Rajiv Gandhi Equity Savings Scheme, 2012 provides tax benefits to investor who invest in eligible mutual fund schemes up to specified limits under section 80CCG.

With an objective to encourage flow of savings of the small investors in domestic capital market, the Government of India announced a scheme named Rajiv Gandhi Equity Savings Scheme, 2012 (RGESS).

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