Capital gain tax

Hello,

You need to provide details of your capital gain account and amount deposited in the account at the time of filing of your return of income.

Please feel free to call/revert in case of any doubts

Thanks and Regards

Abhishek Dugar

CA CS B.Com

The capital gain deposit scheme is notified by Central Government. The deposit account can be opened in Pune itself though the said property was located in Bihar, provided the said bank is notified by Central Government for this scheme.

Form A needs to be filled and furnished at the time of opening the Capital gains account . This could be supported by necessary documents mentioned in the said Form itself.

Hello Sir,

In order to save up on taxes you will have to deposit the amount of Capital gains in a Capital Gain Account Opening Scheme.

Trust this clarifies your query.

Feel free to call / get back in case of further clarifications.

Thanking You.

Regards,

Rohit R Sharma

BCOM, ACA, LLB-GEN, CERT. FAFP

Hello,

You will have to compute your Capital Gain first and then deposit the same by opening a Capital Gain Account Scheme. No formalities as such, the bank may need a copy of your Sale Deed.

Regards

Keerthiga Padmanabhan

M.Com., CA, LLB