https://www.taxtmi.com/manuals?id=3443 If an individual assessee dies before utilising the deposit under the Capital Gains Scheme Account within the prescribed period, the unutilised amount is not to be treated as income of the deceased and is not taxable in the hands of the legal heirs; the unutilised deposit does not acquire the character of income and remains exempt from income taxation. en-us Fri, 08 Dec 2023 14:19:00 +0530 Fri, 08 Dec 2023 15:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=3443 If an individual assessee dies before utilising the deposit under the Capital Gains Scheme Account within the prescribed period, the unutilised amount is not to be treated as income of the deceased and is not taxable in the hands of the legal heirs; the unutilised deposit does not acquire the character of income and remains exempt from income taxation. Manuals Income Tax Fri, 08 Dec 2023 14:19:00 +0530 https://www.taxtmi.com/manuals?id=3443