50% deduction of the eligible amount is allowed u/s 80CCG, provided some of the conditions out of the following are to be fulfilled: (i) The assessee is a Resident Individual. (ii) The gross total income does not exceed ₹ 12 lakh. (iii) He has acquired listed shares or listed units of equity-oriented funds in accordance with a notified scheme. (iv) The investment is locked in for a period of 3 years from the date of acquisition in accordance with the equity-oriented scheme.

  1. Home

Question:50% deduction of the eligible amount is allowed u/s 80CCG, provided some of the conditions out of the following are to be fulfilled: (i) The assessee is a Resident Individual. (ii) The gross total income does not exceed ₹ 12 lakh. (iii) He has acquired listed shares or listed units of equity-oriented funds in accordance with a notified scheme. (iv) The investment is locked in for a period of 3 years from the date of acquisition in accordance with the equity-oriented scheme.

1. (i), (ii) and (iv)

2.All the four above

3. (i) and (iii)

4. (i), (ii) and (iii)

Posted by R4R Team
  1. 50% deduction of the eligible amount is allowed u/s 80CCG, provided some of the conditions out of the following are to be fulfilled: (i) The assessee is a Resident Individual. (ii) The gross total income does not exceed ₹ 12 lakh. (iii) He has acquired listed shares or listed units of equity-oriented funds in accordance with a notified scheme. (iv) The investment is locked in for a period of 3 years from the date of acquisition in accordance with the equity-oriented scheme.
Search
R4R Team
R4Rin Top Tutorials are Core Java,Hibernate ,Spring,Sturts.The content on R4R.in website is done by expert team not only with the help of books but along with the strong professional knowledge in all context like coding,designing, marketing,etc!