Capital gain tax on house

292 views 1 replies

An amount kept in capital gain account for 6 months or more, say this is kept in Capital Gain Fixed account.

The holder of such account can withdraw or use the Interest amount accumulated every three months? the use is other then the buying property in othere works to cover the expanses toward the checking of the authenticiy of new property documents.

Or

He can only get the benefits of this interest at the time of paying to purchase property along with the principal amount or Capital gain funds.

Thanks!

Replies (1)
Dear as per the section the amount which is deposited will only be allowed and the interest which is earned on the same if any will be taxable under other sources of income. Dear i suggest you to refer to your 26as on the same it can you little better idea may be. Regards


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register