Capital Gains- closing of Capital Gains account
This query is : Resolved
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 Later, I withdrawn the amount from capital gain account and invested the entire amount of capital gain in the new property in FY 2018-19.
Although, I had withdrawn the capital gain amount from the from the Capital Gain account but the interest earned on that account is still lying in that account.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
Although, I had withdrawn the capital gain amount from the from the Capital Gain account but the interest earned on that account is still lying in that account.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
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.
Still bank insist on AO approval get it from jurisdiction AO. Submit proff for buying the property.
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