https://www.taxtmi.com/forum/issue?id=120984 Unutilised amount invested in the Capital Gain Account Scheme for a claim under section 54 is treated as deemed long-term capital gain in the previous year in which the prescribed three-year period expires, where the new residential house is not completed within that period. The deemed gain is taxable under section 112(1)(a) at the applicable long-term capital gains rate of 20%, with surcharge and health and education cess as applicable. en-us Mon, 29 Jun 2026 18:31:42 +0530 Mon, 29 Jun 2026 18:36:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120984 Unutilised amount invested in the Capital Gain Account Scheme for a claim under section 54 is treated as deemed long-term capital gain in the previous year in which the prescribed three-year period expires, where the new residential house is not completed within that period. The deemed gain is taxable under section 112(1)(a) at the applicable long-term capital gains rate of 20%, with surcharge and health and education cess as applicable. Discussion-Forum Income Tax Mon, 29 Jun 2026 18:31:42 +0530 https://www.taxtmi.com/forum/issue?id=120984