Of late, there has been a lot of fuss about RGESS. All fund houses have jumped into launching RGESS schemes. This tax saving investment tool is applicable only to a class of investors as of now. ( Budget 2013 may change something regarding this ~if we have to go by our FM's statement of the need to increase " equity culture". Lets have our fingers crossed to see if there are any changes to RGESS.).
Following is a snapshot of the RGESS: ( courtesy Business Standard)
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Please check the link for the full story.
RGESS FAQ Doubts on taxation what is RGESS
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