capital gain account scheme
bhushan dronkar (48 Points)
19 July 2019I have to open an account in capital gain account scheme
my query is, can i deposit an amount slightly higher than capital gain amount say Rs. 3,40,000.
bhushan dronkar (48 Points)
19 July 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(172406 Points)
Replied 19 July 2019
Yes, without any objection.
J S BHAVSAR
(CONSULTING)
(1288 Points)
Replied 19 July 2019
Originally posted by : Dhirajlal Rambhia | ||
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Yes, without any objection. | ![]() |
But the relief will be applicable only on Rs 3,37,481 and not Rs 3,40,000?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(172406 Points)
Replied 19 July 2019
Relief will be applicable only over long term capital gain finally calculated.......
No question of relief over and above any gain..
bhushan dronkar
(48 Points)
Replied 19 July 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(172406 Points)
Replied 19 July 2019
If the full amount lying in the CGAS 1988 account, utilized in purchase/construction of HP within 2/3 years of time.... no problem.
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