Section 80CCG
Deduction in respect of investment made under an equity savings scheme (RGESS)
Quick Answer
Section 80CCG (Deduction in respect of investment made under an equity savings scheme (RGESS)) has been deleted under the Direct Tax Code 2025, effective 1st April 2026.
Sec 80CCG
Provision Summary
Provided a 50% deduction (up to Rs. 25,000) for first-time retail investors investing in specified equity shares or mutual funds under the Rajiv Gandhi Equity Savings Scheme.
Deleted
Provision Summary
NA. Scheme was phased out due to low adoption and complexity.
Key Changes & Highlights
- Phased out entirely.
Frequently Asked Questions
What does Section 80CCG of the Income Tax Act 1961 deal with?
Section 80CCG (Deduction in respect of investment made under an equity savings scheme (RGESS)) Provided a 50% deduction (up to Rs. 25,000) for first-time retail investors investing in specified equity shares or mutual funds under the Rajiv Gandhi Equity Savings Scheme.
Is Section 80CCG of the ITA 1961 still applicable under DTC 2025?
Section 80CCG has been deleted under the Direct Tax Code 2025. NA. Scheme was phased out due to low adoption and complexity.
What is the status of Section 80CCG under the new tax code?
Section 80CCG is marked as "Deleted" with status "Sunset". Impact: Low - Archival value.
What are the key changes to Section 80CCG under DTC 2025?
Phased out entirely.
Disclaimer: This page is for educational and reference purposes only. Section mappings are based on publicly available drafts and circulars. Always consult a qualified Chartered Accountant before filing or making compliance decisions under the Direct Tax Code 2025.
Need professional help on Section 80CCG?
Compare trusted providers — both offer DTC 2025-ready CA services.
*Affiliate links — we may earn a small commission at no extra cost to you. Disclosure.
Want to calculate tax on this section?