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CG deposit scheme
What is the rate of tax on the amount remaining in CG deposit after the prescribed year of 2 or 3 years for construction or purchase of new property.?
Replies (2)
Interest from the deposit under Capital Gains Account Scheme. It is taxable in the year in which it is due and credited in the assessee's account as income from other sources
Same is taxable under capital gain head, and I think the rate will be the rate if in original year you don't claim exemption
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