Capital gains
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 July 2013
sale consideration received on sale of land deposited into a bank account out of which part of the amount withdrawn by self cheque & used for personal expenses and now he is willing to invest the whole of the sales consideration including the part amount already withdrawn by him through self cheque, into capital gain account scheme to save the whole of the capital gain. whether it is permissible?? whether the amount already withdrawn by him through self cheque and utilised for the purpose will make any difference for the purpose of exemption??
Rupesh Jain
(Expert)
26 July 2013
yes he can take exemption of capital gains investment
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