Capital gains accounts scheme, 1988
This query is : Resolved
Shubham Jain
(Querist)
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Kindly tell me what is the Tax Treatment of the Amount Withdrawn.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Kindly tell me what is the Tax Treatment of the Amount Withdrawn.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
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- GST input credit on commercial property
- Nursery business
- TDS on Dashcam rent and allied services
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- Capital Gains Tax on Inherited Mutual Fund
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Intimation under section 245
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
