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nagaraj kadlaskar   01 August 2021

CG deposit scheme

What is the rate of tax on the amount remaining in CG deposit after the prescribed year of 2 or 3 years for construction or purchase of new property.?


 2 Replies

Sourav

Sourav (Student)     01 August 2021

Interest from the deposit under Capital Gains Account Scheme. It is taxable in the year in which it is due and credited in the assessee's account as income from other sources
Ankit Neema

Ankit Neema   01 August 2021

Same is taxable under capital gain head, and I think the rate will be the rate if in original year you don't claim exemption

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