Capital gain

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62 Points Posted on 20 January 2021
Capital gains arise at the end of the year but deposited in the next financial year
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On 20 January 2021 at 21:20 Report
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This discussion clarifies the timing of capital gains tax and the requirements for investing in capital gains bonds. It explains that while gains arise at year-end, deposits can be made in the next financial year. The key deadline for investing in a Section 54EC bond is within six months of the property sale date, or funds must be held in a specified bank account for future investment.

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215 Points Posted on 20 January 2021
What is query?
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On 20 January 2021 at 21:26
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62 Points Posted on 20 January 2021
Deposit in capital gain bond in next financial year
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On 20 January 2021 at 21:29
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3924 Points Posted on 20 January 2021
Time limit to deposit capital Gains in capital Gain Account is Date of Original Income Tax return filing date .
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On 20 January 2021 at 21:38
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62 Points Posted on 20 January 2021
If not deposited in the same withen the same financial year, is it to be kept in a separate bank account
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On 20 January 2021 at 21:56
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Tax consultant
5895 Points Posted on 21 January 2021
Capital gains bond done with in 6month of selling the property
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On 21 January 2021 at 08:10
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17269 Points Posted on 21 January 2021
Within six months from the date of capital gain, amount under 54EC is to be invested. or else in a specified bank accounts for use in future.
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On 21 January 2021 at 10:33

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