Capital gain account scheme
This query is : Resolved
Aditya Agrawal
(Querist)
12 February 2018
If I have used all the amount in the CGAS for the eligible purposes and thereby closed the account do I need to inform the Assessing Officer of the fact either by way of a form or a letter or through disclosure in the ITR of the relevant Assessment Year ??
12 February 2018
For closing the account Form G as approved by the ITO has to be given to the bank.
Nothing more to do.
Nothing more to do.
Message likes :
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Aditya Agrawal
(Expert)
16 February 2018
Thank you so much for the information ...
But just let me know that if I have closwd my account and my banker did not ask for any such form and also closed it, do I need to do anything else ?
But just let me know that if I have closwd my account and my banker did not ask for any such form and also closed it, do I need to do anything else ?
21 October 2021
No. nothing required to be done...
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