Capital gain

[CR Rejith]

Hi

I had deposited the entire proceeds of the sale of my property into Capital gains account. Subsequently after indexation, it turned out that I need to have deposited only part value of proceeds. How do I withdraw the amount that is not under capital gains?

AI Summary

Capital gains deposit discrepancy: seek procedure to withdraw excess proceeds after indexation reduces required capital gains reinvestment. Taxpayer deposited the entire sale proceeds into a capital gains account but, after indexation, discovered only part of those proceeds represented taxable capital gains requiring preservation and seeks guidance on withdrawing the residual amount not attributable to capital gains from the account.