You can save taxes on capital gains on real estate, shares, gold, property etc by putting them in a special capital gains account. These accounts can be opened at only specified psu banks.
I wonder shares means is it applicable to gains from stock trading ? short term gains? or is it applicable primarily for real estate selling?
Any amount in these accounts can only be used for similar purchase within specific time and will not be taxed.
Can someone give details here? Thanks
http://www.incometaxindia.gov.in/Pages/rules/capital-gains-accounts-scheme.aspx
https://www.sbi.co.in/portal/web/personal-banking/sbi-capgains-plus-capital-gain
I wonder shares means is it applicable to gains from stock trading ? short term gains? or is it applicable primarily for real estate selling?
Any amount in these accounts can only be used for similar purchase within specific time and will not be taxed.
Can someone give details here? Thanks
http://www.incometaxindia.gov.in/Pages/rules/capital-gains-accounts-scheme.aspx
https://www.sbi.co.in/portal/web/personal-banking/sbi-capgains-plus-capital-gain