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Capital gain

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(Querist)
13 February 2012 3 year FD in nationalise bank can be deducted agaist capital gain?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
13 February 2012 No, it cannot deduct from capital gain. no exemption or deduction for F.D in nationalised bank for 3 years
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
14 February 2012 If the 3 year FD is deposited under 'Capital Gains Accounts Scheme,1988 (Deposit account-B),deduction can be claimed against Capital gains. For details please see CBDT Notification No. G.S.R 724(E) DATED 22/06/1988.
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Harshil

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Harshil (Querist)
04 September 2012 Thank you sir

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