Capital Gain Query

Share This Thread
  1. Rohit Shahane

    Rohit Shahane New Member


    I need an advice on the Capital Gains Query that I have in mind. Hope someone would be able to clear it out.
    My queries are as follows

    1. If I open a Type B Capital Gain - Non Cumulative Term deposit account for my capital gains which is for a fixed period can I withdraw the interest accumulating on the account for paying rent on another property till the time period i reinvest the whole amount for buying another property?

    2. Also am I allowed to use the Type B Non Cumulative account interest monthly and will i get that interest accumulated in my account monthly or quarterly for my use is there any specific criteria as to usage of the amout?

    3. Also is the interest which I get from non cumulative Type B capital gain account eligible for tax before the allowed time (which is 2/3 years for reinvesting it into buying another property)?

    4. Approx. how much will be the rate of interest receivable from the bank on the Type B non cumulative capital gain account as per the year 2016?

    Hoping for a clear and positive reply.

  2. Saurabh2017

    Saurabh2017 New Member

    WHAT IS TYPE B CAPITAL GAIN NonCumulative Termdeposit account
Draft saved Draft deleted
Similar Threads Forum Date
Capital Gain tax & income tax - joint development of land Income Tax Yesterday at 10:07 AM
Capital tax gain Income Tax Mar 11, 2018
Capital Gain Tax. Income Tax Feb 19, 2018
Capital Gain on Residential Property- Co-Owner Income Tax Feb 14, 2018
Capital Gains tax Income Tax Feb 12, 2018