Capital gains accounts scheme, 1988
This query is : Resolved
24 March 2015
hello,
My Query is In Financial year 2011-2012, i sold a long term capital Capital of 11 lakhs and deposited the same in the Cspital gains Accounts Scheme. Now i want to Withdraw the corresponding amount deposited in the Scheme.
Kindly tell me what is the Tax Treatment of the Amount Withdrawn.
Also tell me whether there is any Stipulated time Limit of Deposit of Under the said account, i.e. whether i can deposit the amount for Further time of Around ten years, is there any Time limit of Deposition of amount in the Account???
My Query is In Financial year 2011-2012, i sold a long term capital Capital of 11 lakhs and deposited the same in the Cspital gains Accounts Scheme. Now i want to Withdraw the corresponding amount deposited in the Scheme.
Kindly tell me what is the Tax Treatment of the Amount Withdrawn.
Also tell me whether there is any Stipulated time Limit of Deposit of Under the said account, i.e. whether i can deposit the amount for Further time of Around ten years, is there any Time limit of Deposition of amount in the Account???
24 March 2015
https://www.charteredclub.com/capital-gains-account-scheme/
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales return eway bill
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- REGARDING GST LIABILITY/....
- Last year TDS Claim
- GST Registration Horse racing
- Small dealers gst returns filing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
