Capital gains

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surya (Querist)
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12 January 2014 If i received advance amount of long term capital gains and balance amount after 3 months.
What should i do with this advance amount, whether to put into capital gains scheme a/c or else saving a/c.?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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12 January 2014 well if the asset has not been transferred, then you can park it anywhere..it is not chargeable to capital gains tax till the asset is transferred.....

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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12 January 2014 yes..capital gain attracts only in the year when there is a transfer of capital asset...so you can invest where u want till u actually transfer it.

surya

surya (Querist)
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15 January 2014 so if i take into saving a/c, whether TDS applicable , or in case of fixed deposits too.?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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25 January 2014 no tds applicable when deposited in savings a/c.

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