Eligibility Conditions for claiming deduction U/s 80CCG

Following primary Conditions are to be satisfied for claiming deduction U/s 80CCG from Assessment year 2014-15 : 1. The gross total income of the assessee for the relevant assessment year should be less than or equal to ₹ 12 lakhs. 2. The assessee should be a new retail investor as per the requirement specified under the notified scheme. 3. The investment should be in such listed equity shares or listed units of equity-oriented fund specified under the notified scheme. 4. The minimum lock in period in respect of such investment should be three years from the date of acquisition