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Govt plans new equity savings scheme with bigger tax benefits

Govt plans new equity savings scheme with bigger tax benefits

Tuesday, April 4, 2017, 7:39 AM

Government is considering a new and potentially more attractive equity savings scheme to replace one that was scrapped this year following tepid investor response. The new scheme will offer more flexibility and greater limits than Rajiv Gandhi Equity Savings Scheme (RGESS). Government is looking to enhance the investment limit eligible for tax benefits under this scheme to Rs.2 lakh, four times the RGESS limit.
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