neeraj paul (17 Points)
06 June 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 07 June 2017
First be clear that the CGAS, 1988 is not for exemption for any long term capital gains.
It is a medium to park your gain amount till it is invested into any exemption scheme u/s. 54, 54F, etc.
The capital is to be deposited to the account before filling return of the corresponding year.
The unutilized capital on withdrawal (after 3 years) is taxable.
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