Capital Gain
This query is : Resolved
Quick Summary
21 October 2020
I want to close Capital Gain account opened 3 yrs back in SBI , i have used the amount buying property within 3 yrs & submitted the relevant documents to bank also now bank is asking to get approval from concerned AO- IT , is it mandatory to take approval from AO to withdraw my interest accrued amount.
Please anyone guide me with this regard
Please anyone guide me with this regard
21 October 2020
No approval of AO required for such withdrawal.
31 October 2021
To get balance amount back & as such for closure of the account, approval from ITO is mandatory now.
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