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section 54ec

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16 December 2010 i have deposited my whole consideration which is received me at the time of transfer of lomg term cap[ital asset in Capital Gain Account in specefied bank.

but some balance renmaining in my account if i withdraw that amount form account that is chargeble to tax or not

16 December 2010 The Exemption Will be Withdrawn Upto UR LTCG.

The Amt Deposited in CGDS - If Withdrawn Then Taxable in Same Year.

Say UR LTCG is 20Lacs. and u Deposited Say 50 Lacs That The Whole Consideration U Received in CGDS.

Then U Can Withdraw 30 Lacs as No Required For Claiming Exemption

Regards,
Ayush Agrawal

16 December 2010 thanks




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