Capital gain tax account

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8 Points Posted on 18 August 2020
if assessee has capital gain tax account and he got expired then his legal heir wants to invest the capital gain then how can they withdraw money from this account
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On 18 August 2020 at 21:02 Report
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Quick Summary
If the account holder of a Capital Gains Tax account has passed away, their legal heir can still invest the capital gains to claim exemption under Section 54EC. This process involves withdrawing funds from the deceased's account. It's crucial to be aware of the deadlines for claiming exemptions, as these are strictly enforced and apply only to long-term capital gains.

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28261 Points Posted on 19 August 2020
Please be explicit...
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On 19 August 2020 at 12:13
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8 Points Posted on 19 August 2020
Person who deposited in CGA got died now his legal heir waints to invest the capital gain for that what he should do
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On 19 August 2020 at 16:18
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28261 Points Posted on 20 August 2020
Invest in certain specified bonds and take exemption
under sec 54 ec.
OBVIOUSLY DATES ARE IMPORTANT FOR CLAIMING EXEMPTION.
SEC 54 IS FOR LONG TERM CAPITAL GAIN ONLY.
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On 20 August 2020 at 08:25

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