banner_ad

Capital gains deposit

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
24 July 2014 IF ANYONE HAS DEPOSITED MONEY IN BANK IN CAPITAL GAINS ACCOUNT IN FORM OF FD, CAN HE WITHDRAW INTEREST THEREUPON. PLEASE GIVE REFERENCE
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
24 July 2014 there cannot be such investment of fd for capital gain.....as there is speacial account in this regard.
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
24 July 2014 there cannot be such investment of fd for capital gain.....as there is speacial account in this regard.
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
24 July 2014 there cannot be such investment of fd for capital gain.....as there is speacial account in this regard.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
24 July 2014 I AM ALSO TALKING ABOUT THE SAME ACCOUNT.....PLEASE REPLY ABOUT INTT. WHETHER IT CAN BE WITHDRAWN OR NOT?
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
26 July 2014 1. please note that CAGS account can be in form of a FD (term deposit)

2. yes you have the option of withdrawing interest.

however, please note that this interest (whether withdrawn or not) shall be taxed as income from other sources.

Tushar - you may refer Para 4(3) of CAPITAL GAINS ACCOUNTS SCHEME, 1988
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details