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Capital gain account scheme

This query is : Resolved 
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(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 ??
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
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.
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Aditya Agrawal

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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 ?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
21 October 2021 No. nothing required to be done...
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