Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 January 2014
I HAVE DEPOSITED MY MONEY IN NORMAL BANK A/C BEFORE DUE DATE OF RETURN FOR AY 13-14.I HAVE ASKED BANK IN DECEMBER 13 TO SWITCH MY MONEY IN CAPITAL GAIN A/C SCHEME.BANKER IS READY TO DO SO.CAN I TAKE EXEMPTION U/S 54 AGAINST CAPITAL GAIN INCOME WHILE FILING THE RETURN.
21 January 2014
DEAR
Consideration of sales deposit within 6 month of receipt in capital gain a/c scheme for exemption u/s 54. If you sales your capital assets in Marchou are not 2013 then you must be deposit within 6 month in a capital gain a/c scheme for exemption u/s 54. In your case you are not get exemption u/s 54 for deposit in normal bank a/c otherwise a capital gain a/c scheme.
Consideration of sales deposit within 6 month of receipt in capital gain a/c scheme for exemption u/s 54. If you sales your capital assets in Marchou are not 2013 then you must be deposit within 6 month in a capital gain a/c scheme for exemption u/s 54. In your case you are not get exemption u/s 54 for deposit in normal bank a/c otherwise a capital gain a/c scheme.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- SFT Cash Deposit in Current Account
- Annual return in Gst
- When TDS on GST applied
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
