The Capital Gains Account Scheme, which was established in 1988, enables people to hold onto their capital gains until they can be reinvested in items listed in Sections 54 and 54F of the Income Tax Act, 1961, so safeguarding their long-term capital gains. This enables you to deposit the unrealized capital gains and qualifies you for the capital gains exemption you will receive after reinvesting.
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What Is Capital Gain A/C?
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