For withdrawal of capital gain income from special account
This query is : Resolved
CA MANOJ KUMAR JAIN
(Querist)
24 May 2012
whether it is necessary to provide infromation to our bank for withdrawal of capital gain income from special account if yes, than tell me the procedure for such withdrawal, please suggest
CMA Nishad Patkar
(Expert)
27 May 2012
Dear Manoj,
Whenever you withdraw the money from Account, You need to filled Form "C" for every withdrawal. Besides the initial withdrawal, every subsequent withdrawal you need to furnished the Form"D" as a declaration of utilization of your previous withdrawals. Amount withdrawn should be utilized within 60 days from such withdrawal or redeposited.
Whenever you withdraw the money from Account, You need to filled Form "C" for every withdrawal. Besides the initial withdrawal, every subsequent withdrawal you need to furnished the Form"D" as a declaration of utilization of your previous withdrawals. Amount withdrawn should be utilized within 60 days from such withdrawal or redeposited.
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