Is there any exemption relating to interest on capital gains account? Whether interest received on amount deposited in capital gain account under capital gain account scheme is taxable? Under which head interest earned on capital gain account is taxable?

Capital gain account scheme is a scheme to facilitate the taxpayer.
If taxpayer could not invest, the gain raised on transfer of capital asset,
1. to acquire a new asset,
2. within the due date of furnishing the return of Income,
3. then the capital gain amount can be deposited,
4. in a special bank account maintained by any nationalized bank
Interest earned on Capital gains account is taxable under the head “Income from Other sources”.
Interest is charged to tax in the year in which it accrues and interest is credited to the Capital gains account of the Assessee.