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2. Under the scheme there can be
two types of accounts:
DEPOSIT ACCOUNT A
DEPOSIT ACCOUNT B
PROCESS TO OPEN ACCOUNT
STATUS OF CAPITAL GAINS
3. • The deadline for filing your income tax returns for
the financial year 2015-16 is approaching.
An individual who has sold a house during the
financial year 2015-16 can still save on the capital
gains tax livable. Capital gains tax arises in case you
sell your property at a price above the cost you
acquired it at. The cost is not the actual price paid to
acquire the property. Here, it means the indexed
cost, arrived at after applying the indexation factor to
the cost of the property as well as any improvements
made to it by the owner.
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