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Capital Gains- closing of Capital Gains account

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This query is : Resolved

SAMIT CHONKAR (Querist)

06 March 2023 I had originally purchased a house property in FY 2012-13 which was sold in FY 2016-17. The Long Term capital gain was deposited in Capital Gain Account scheme before filing the return for that year. Later, I withdrawn the amount from capital gain account and invested the entire amount of capital gain in the new property in FY 2018-19.
Although, I had withdrawn the capital gain amount from the from the Capital Gain account but the interest earned on that account is still lying in that account. Now I want to withdraw the remaining amount from Capital gain account and close that account. But the Bank is asking for Form G which requires the approval from Assessing Officer. So, how can I close that and withdraw the balance mount

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

06 March 2023 Submit form G No need for AO approval.
Still bank insist on AO approval get it from jurisdiction AO. Submit proff for buying the property.

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