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Investment of consideration on capital asset transfer

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(Querist)
01 August 2016 Dear CCI experts,

Greeting to you.

Can anybody help me regarding this issue.

Consideration on transfer of capital asset has been deposited in an Account under a scheme since three years.

Now I want to withdrew the amount from the account. Is the amount taxable under income tax or exempt under tax.

Pl clarify me regarding this query

Thanking in advance.
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CA. Sunil Gokhale

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CA. Sunil Gokhale (Expert)
02 August 2016 It is taxable as capital gain in the year of completion of 3 years.

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