Capital gain account money utilization

I think there will be some issues because government has made two seperate specific type of account for different purposes. So you need to keep the money in which it needs to be.

Initially I think there will be no problem but if an assessing officer opens your case then I feel there will be a problem. So it's better to shift your money to type B account.

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Thank you

Hi,

- Type A is saving account and Type B is Term deposit account. There is no need to transfer from type A to type B after 2 years. In both the accounts, period of 3 years is available for exemption purpose.

Thanks

Hi,

No, it is not necessary to shift from account A to account B.

You can keep money in type A without any tax issues.

Hi

There is no need to shift money from account A to B.

In simple language, Deposit Account A is like your savings account and Deposit Account B is similar to Fixed Deposit/Term Deposit. You will receive interest equivalent to savings account interest on Account A i.e. 4% p.a. Similarly, an interest rate of Account B is same as Fixed Deposit Interest rate depending on the maturity.

Hi,

You don't need to shift your money from type A account to type B account. There is no such rule that after two years, you will have to shift the money

Hi,

You don't need to shift your money from type A account to type B account. I am not aware of any such condition whereby after 2 years you need to transfer from one account to the other.

Regards,

Nikhil.

Yes you can do that but you need to transfer your money from type A Account to type B and the construction should complete within 3 years from the date of sale.

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Thank you

Yes, you can do so but the construction should be completed in that (third year) itself.

You should get your hosue constructed within 3 years from the date of sale of old house. That's the key.

Hi,

You can buy a plot after 2 years but you need to get the house constructed on it within 3 years from the date of sale of old property

Dear Sir,

Hope you are doing well !

Yes, you can do that but make sure that the construction should be completed within a period of three years.

Thanks & Regards,

Payal Chhajed

Yes you can do so but ensure that the construction is completed within 3 years.

Hi,

- Yes everything should be completed within 3 years from the date of transfer.

Thanks

Yes, you can provided construction will be completed within 3 years from date of transfer.