Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 June 2017
Dear All,
My client has made a sale of property in FY 2013-14 and purchased new property in the same year and hence claimed the deduction u/s 54 and balance amount she deposited in the Capital Gain Account Scheme, till now she has not utilised the same; and that unutilised amount will be taxable in the year 2016-17 (i.e. end of time limit for utilisation).
Now my query is at what rate the unutilised amount will be taxed (i.e. at slab rate or at 20%)
Thanking in advance
My client has made a sale of property in FY 2013-14 and purchased new property in the same year and hence claimed the deduction u/s 54 and balance amount she deposited in the Capital Gain Account Scheme, till now she has not utilised the same; and that unutilised amount will be taxable in the year 2016-17 (i.e. end of time limit for utilisation).
Now my query is at what rate the unutilised amount will be taxed (i.e. at slab rate or at 20%)
Thanking in advance
26 June 2017
Taxable at slab rate...............
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