Capital Gain Account Scheme 1988 PDF

Download Free of Capital Gain Account Scheme 1988 PDF by using the Direct download link from www.dacollege.org is given below.

Capital Gain Account Scheme 1988 PDF Download Link 

Name Capital Gain Account Scheme 1988
Pages 170
Size 0.22 MB
Language English
PDF : Double click to Download PDF


Click Here to Download the PDF

Capital Gain Account Scheme 1988

All about CGAS 1988 : Capital Gains Account Scheme was introduced in 1988 by the Central Government. As mentioned above, the time limit available to the depositor for re-investment and avail the exemption, in many cases is longer than the due date to file the return of income. In such cases, the taxpayer is given an option of depositing such underutilised capital gains in ‘Capital Gains Account’ introduced under Capital Gains Account Scheme. Any capital gain invested in Capital Gains Account Scheme will be eligible for capital gain exemption as it would in case of re-investment.

Category of taxpayer with capital gains who is eligible to invest in CGAS from Section 54 to 54F of the Income-tax Act, 1961 “Act”, is provided below:

Section Number Capital gains made on Category of person
54 Sale of residential house Individual or HUF
54B Sale of land used for agricultural purpose Individual or HUF
54D Compulsory acquisition of land and building Any taxpayer
54E Sale of any long term capital asset Any taxpayer
54EC Sale of long term capital asset being land or building or both Any taxpayer
54F Sale of any long term capital asset not being residential property Individual or HUF
54G Transfer of asset (machinery, plant or building, land or right in land or building) in case of shifting of industrial undertaking from urban area Any taxpayer
54GA Transfer of asset/s (machinery, plant or building, land or right in land or building) in case of shifting of industrial undertaking from urban area to Special Economic Zone Any taxpayer
54GB Transfer of residential property Any taxpayer

Pay Attention

If the download link of the Capital Gain Account Scheme 1988 PDF is not working or you are feeling any other issue with it, then please report it by choosing If the Capital Gain Account Scheme 1988 is a copyrighted material which we will not supply its PDF or any source for downloading at any cost.

Alternate Links for Capital Gain Account Scheme 1988

You can also visit the official / source website to download the PDF from following links: https://taxguru.in/income-tax/capital-gain-account-scheme.html

Leave a Comment