Treatment of short term capital gains

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  1. ram.mrid

    ram.mrid New Member

    Please suggest the treatment of short term capital gains invested in Capital Gains Account scheme. For example, an assessee has invested his STCG in Capital Gains Account scheme. The period has expired. On withdrawal of money from that account, would the amount still be treated as short term capital gains?

    Please also advise if the there is possibility to extend the period to more than 3 years in the account.

    Thank You.
     
  2. Karan Batra

    Karan Batra Well-Known Member

    Dear @ram.mrid

    Please note that STCG cannot be invested in Capital Gains Account Scheme and only the LTCG can be invested.
     
  3. ram.mrid

    ram.mrid New Member

    thank you sir
     
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