section 54ec
This query is : Resolved
16 December 2010
i have deposited my whole consideration which is received me at the time of transfer of lomg term cap[ital asset in Capital Gain Account in specefied bank.
but some balance renmaining in my account if i withdraw that amount form account that is chargeble to tax or not
but some balance renmaining in my account if i withdraw that amount form account that is chargeble to tax or not
16 December 2010
The Exemption Will be Withdrawn Upto UR LTCG.
The Amt Deposited in CGDS - If Withdrawn Then Taxable in Same Year.
Say UR LTCG is 20Lacs. and u Deposited Say 50 Lacs That The Whole Consideration U Received in CGDS.
Then U Can Withdraw 30 Lacs as No Required For Claiming Exemption
Regards,
Ayush Agrawal
The Amt Deposited in CGDS - If Withdrawn Then Taxable in Same Year.
Say UR LTCG is 20Lacs. and u Deposited Say 50 Lacs That The Whole Consideration U Received in CGDS.
Then U Can Withdraw 30 Lacs as No Required For Claiming Exemption
Regards,
Ayush Agrawal
16 December 2010
thanks
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
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Average Cost Of High Quality Diamonds
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
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
