I sold my house property and long term capital gain on that house is Rs. 3,37,481/-
I have to open an account in capital gain account scheme
my query is, can i deposit an amount slightly higher than capital gain amount say Rs. 3,40,000.
Yes, without any objection.
| Originally posted by : Dhirajlal Rambhia | ||
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Yes, without any objection. |  |
But the relief will be applicable only on Rs 3,37,481 and not Rs 3,40,000?
Relief will be applicable only over long term capital gain finally calculated.......
No question of relief over and above any gain..
If the full amount lying in the CGAS 1988 account, utilized in purchase/construction of HP within 2/3 years of time.... no problem.
CAclubindia
