WE INVESTED CAPITAL GAIN AMOUNT IN THE CAPITAL GAIN SCHEME IN THE BANK TERM DEPOSIT ACCOUNT FIXED ABOUT THREE YEARS. IF WE ARE NOT ABLE TO PURCHASE OR CONSTRUCT NEW RESIDENTIAL HOUSE PROPERTY THE WHOLE FIXED AMOUNT AFTER EXPIRY OF THREE YEARS WILL BE TAXABLE OR ONLY THE YEAR OF INVESTMENT EXEMPTED FROM INCOME TAX. OR CAPITAL GAIN SCHEME IS COMPLETELY EXEMPT FROM INCOME TAX.
SO CAPITAL GAIN SCHEME ACCOUNT IS ONLY TO KEEP THE AMOUNT UNTIL PURCHASE NEW HOUSE PROPERTY OR CONSTRUCTION. THERE IS NO TAX EXEMPTION ON INVESTMENT IN THE CAPITAL GAIN SCHEME ACCOUNT.
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