Invet in RGESS Online
You can invest any amount in a demat account designated under RGESS, but the benefit under the scheme can be claimed only on investment up to Rs. 50,000 in a single financial year
You can invest any amount in a demat account designated under RGESS, but the benefit under the scheme can be claimed only on investment up to R. 50,000 in a single financial year. The depository automatically lock-in all the eligible securities which comes into an RGESS designated demat account during the relevant financial year (over and above what is required for meeting the flexible lock-in requirements) up to a value of R50,000. However, you have the freedom to select the stocks to be kept under lock-in up to R50,000 for claiming benefits under RGESS. You should intimate the depository participant through Form B within one month from the date of transaction, about which investments you do not want to keep as part of RGESS in that year.
This will give you the right to sell / pledge those securities at any time. Once an application is made through Form B, that particular security cannot be brought back under RGESS while claiming for tax benefit. In subsequent years of flexible lock-in period, if that stock is still an eligible security under RGESS provisions, it will be counted towards valuation of RGESS portfolio irrespective of its status as an 'eligible security' while claiming the benefits.
Top 10 Tax Saving Mutual Funds to invest in India for 2016
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1. BNP Paribas Long Term Equity Fund
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4. ICICI Prudential Long Term Equity Fund
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7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
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