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Can we deposit stcg amount into capital gain scheme a/c?

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 July 2014 Dear Sir,

I sold my residential property and there is short term capital gain of rs. 5 lacs.

How can i save the tax on STCG?

Can i Deposit the amount into Capital gain saving scheme account ??
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
03 July 2014 STCG amount can't be deposited in Capital Gains Account Scheme,1988 since it is meant for LTCG only.
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Rupesh Jain

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Rupesh Jain (Expert)
04 July 2014 no only long term capital gain can deposit under capital gain account scheme 1988.
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