Capital gains account (cgas)
This query is : Resolved
12 July 2013
Hello,
I am planning to buy a flat utilising the money in my Capital Gains account (opened after the sale of my previous property).
My Query:
Can the stamp duty and registration costs be taken from the Capital gains account ?
Will Bank issue such a draft for stamp duty/registration or are banks allowed to issue drafts only in the builder's name?
Thanks
Milind
I am planning to buy a flat utilising the money in my Capital Gains account (opened after the sale of my previous property).
My Query:
Can the stamp duty and registration costs be taken from the Capital gains account ?
Will Bank issue such a draft for stamp duty/registration or are banks allowed to issue drafts only in the builder's name?
Thanks
Milind
Rupesh Jain
(Expert)
12 July 2013
you can issue cheque for that
13 July 2013
I did not understand..in CGAS only banks can issue DD or cheques so will bank issue such a DD for stamp duty OR the only other option is that i issue chq from different bank a/c in which case the money is not utlised from the CGAS a/c
Rupesh Jain
(Expert)
19 July 2013
you take DD of banker cheque in name of STamp duty authority
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