19 July 2024
Return of Income for the AY 2022-23 was filed by individual Long Term Capital Gains and claimed exemption u/s 54 by invested in Capital Gain Scheme A/c in a Bank. Now during AY 2024-25 the assessee had withdrawn the entire amount from Capital Gain Scheme A/c and closed due to unable to buy House Property/completion of construction of house property within the time limit. Under which head the withdrawn amount to be offered as income.
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