Amount under capital gain account scheme

santosh kumar (student) (186 Points)

01 August 2016  

Dear CCI members,

Greeting to you.

Can anybody help me regarding this issue.

Consideration on transfer of capital asset has been deposited in an Account under a scheme since three years.

Now I want to withdrew the amount from the account. Is the amount taxable under income tax or exempt under tax.

Pl clarify me regarding this query

Thanking in advance.