The meaning of these are as follows;
- Account A:
This refers to the capital gains account scheme. Under this scheme, if an individual or Hindu Undivided Family (HUF) intends to claim exemption from capital gains tax on the sale of a house property, they can deposit the capital gains amount into an account called the Capital Gains Account Scheme (CGAS) A within the specified time frame.
- Account B:
This refers to the capital gains bonds. Similar to Account A, if an individual or HUF intends to claim exemption from capital gains tax on the sale of a house property, they can invest the capital gains amount in specified bonds called Capital Gains Bonds (sometimes referred to as Capital Gain Tax Saving Bonds).
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Authors Of The Question
What are Accounts A and B in relation to capital gains?
D V KRISHNA RAO
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1 Answers
11 months
2024-02-16T08:21:15+00:00 2024-06-28T20:30:36+00:00Comment
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