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.
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