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
- Tax on Deemed Capital Gain
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Exiting partner in partnership firm in gst portal
- LIABILITY ADJUSTMENT
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- NRI INSURANCE ADVISOR
- ITR-3 File/Error Found
- Due Date Clarity
- Gst on travel by air for business purposes
- Loss of interest in PF transfer from EPFO to Trust
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
