Long term capital gain
I sold plot of land (long term) in feb-2017 ,and deposit amount in Capital Gain saving Bank Scheme (with a view to purchase another Flat) but our plan changed and now i want to invest Sales proceeds in REC Bond under section 54 EC ,now i want to withdraw amount from capital gain saving bank account and invest in REC bond can this possible bank is asking me to provide assessment can you please help me
Replies (2)
You will have to get written permission from your Jurisdictional ITO for the withdrawal from CGAS accounts.
Rambhia ji is right
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