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Taxability of interest on cgds

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(Querist)
19 June 2019 Kindly resolve my queries herein:

1. Taxability of Interest earned from Capital Gains Deposit scheme? I mean, should it be considered as other source or capital gains income for the current year?

2. If the interest is considered as income from other sources, is it possible to utilize the amount in any other purpose than buying/ construction of another property after paying tax on that amount?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
19 June 2019 Interest is to be considered as income from other sources and can be used for any purpose.
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