Long Term Capital Gains
This query is : Resolved
04 February 2021
I have sold a property of mine on Feb 22, 2019 and couldn't utilize my capital gains by purchasing a property and blocked the amount in SBI LTCG account. I need the money at this moment. Can you please help me with the process?
How can I withdraw the money first and then pay LTCG tax. What's the process for AO's authorization?
How can I withdraw the money first and then pay LTCG tax. What's the process for AO's authorization?
25 September 2021
Form G is required to be submitted for the closure of account along with jurisdictional income tax officer’s approval. LTCG tax is to be paid over the total balance amount to get the approval.
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