section 54ec

This query is : Resolved 

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16 December 2010 The Exemption Will be Withdrawn Upto UR LTCG.

The Amt Deposited in CGDS - If Withdrawn Then Taxable in Same Year.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




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries