{"id":27327,"date":"2022-06-08T21:19:38","date_gmt":"2022-06-08T15:49:38","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=27327"},"modified":"2022-06-14T05:21:10","modified_gmt":"2022-06-13T23:51:10","slug":"amount-kept-in-capital-gain-account","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/amount-kept-in-capital-gain-account\/","title":{"rendered":"AMOUNT KEPT IN CAPITAL GAIN ACCOUNT"},"content":{"rendered":"<p>The assessee sold an immovable property and deposited sale consideration to the tune of\u00a0 caital gain under Capital gain scheme account and claimed deduction in ITR 2020-21 under 54F. Thereafter, the assessee demised before utilizing the deopsoit amount as per scheme.<\/p>\n<p>What will be tax treatment of Capital gain in case, the legal heir of assessee does not purchase any property or does not utilise the money as per scheme.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[22,33],"qa_category":[23],"qa_tag":[24,302],"class_list":["post-27327","qa","type-qa","status-publish","hentry","qa_expert-advocate-neelam-jadhav","qa_expert-advocate-shashi-ashok-bekal","qa_category-income-tax","qa_tag-capital-gains","qa_tag-legal-heirs"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/27327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=27327"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=27327"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=27327"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=27327"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=27327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}