Capital Gain Computation


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Savings Account
Term Deposit Account
cumulative and non-cumulative options
Capital Gains Bond gives the exemption.
Investment is held for 3 years

Capital Gain Computation

Requirements

Documents

Basic Features of Capital Gain Computation

Capital gain

To avail of capital gain exemption, the bonds cannot be transferred or converted into money; or any loan.

Security of bond

Advance can be taken on security of such bond within 3 years from date of acquisition else, the benefit would be withdrawn.

Tax exempt

If the amount invested in bonds is less than the capital gains realized, only proportionate capital gains would be exempt from tax.

Interest on capital gain

The interest on capital gains account is taxable and TDS is deducted as per provisions.

You can also invest in capital gains bond of NHAI and REC through the designated branches of the bank

 

Bonds

The money invested in these bonds is also exempted from the capital gains tax.

Tax

If the amount invested in bonds is less than the capital gains realized, only proportionate capital gains would be exempt from tax.

Important Notes

Short-term Capital Asset

An asset which is held for not more than 36 months or less is a short-term capital asset.

Long-term Capital Asset

An asset that is held for more than 36 months is a long-term capital asset.