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Capital Gain Scheme 1988

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 July 2011 Can a Savings Bank Account be opened in Joint Names under Capital Gain Scheme 1988?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
02 July 2011 U can't unless the underlying asset was in joint names.
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Querist : Anonymous

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Querist : Anonymous (Querist)
02 July 2011 If the underlying asset is in joint names,do we have to open two separate Savings Accounts under Capital Gain Scheme,2011 since the Application Form A doesn't have any provision for joint names?
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Querist : Anonymous

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Querist : Anonymous (Querist)
02 July 2011 Sorry,indvertently typed 2011 insstead of 1981.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
02 July 2011 Yes two SB accounts. The scheme is called CGAS,1988.
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