Tax on amount withdrawal from capital gain account

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Mukesh Nath Mj (Querist)
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06 January 2018 If i withdraw the amount from Capital Gain Deposit Account Scheme and utilize for any other purpose. how to show this amount as an income in Computation of total income.did i have to show under the capital gain head just like previous year or have to mention any other detail?

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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06 January 2018 If amount deposited under capital gains A/c not utilised for specified purpose before expiry of specific period or Time, Amount not utilised chargeable to tax as capital gains in the financial year in which time period expires.

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