capital gain account
This query is : Resolved
29 September 2008
what is capital gain account. and what is benefit of such account.
plz reply soon.
plz reply soon.
29 September 2008
it is account that can be opened in the Bank as provided in Capital Gains Account Scheme 1988. The Capital gains if not offered to tax for reason that you can wait to acquire a new asset, then the CG must be deposited in this account, and can utilised to acquire the new asset.
29 September 2008
Gain (Sale proceeds minus cost of acquisition)that is arising out of transfer of capital asset. Advantage? reporting of capital gain separately that suffers a different rate of tax.
If you mean a bank account then Mr.Kotresh has replied you.
If you mean a bank account then Mr.Kotresh has replied you.
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.
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- SFT Cash Deposit in Current Account
- Annual return in Gst
- FORM 26A APPLICABILITY
- 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
