Capital gain account scheme
This query is : Resolved
25 September 2012
What is the Procedure to Withdraw an Amount From the Capital Gain Account Scheme?
25 September 2012
You need to file a form to that effect with the concerned ITO (Assessing Officer)He then directs the bank to close the account. ( Many bankers close this account as if like a normal savings bank account... if you want you can try that option as well)
Message likes :
1 times
25 September 2012
i) For the first withdrawal an application in form C has to be made to the bank.
ii) For subsequent withdrawals form D has to be given to bank stating therein the manner and extent of utilization of the amount of immediately preceding withdrawal.
iii) For closure, with the approval of the Income tax Officer, form G has to be filed in bank.
ii) For subsequent withdrawals form D has to be given to bank stating therein the manner and extent of utilization of the amount of immediately preceding withdrawal.
iii) For closure, with the approval of the Income tax Officer, form G has to be filed in bank.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Sales return eway bill
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- E way bill for tractors
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Loan by Partnership Firm
- Plot of land. Cost of Acquisition
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
