Withdrawl from Capital Gain Account Schme
This query is : Resolved
10 October 2010
I have claimed the exemption u/s 54F by investing full amount realised from capital gain account in Capital gain Account Scheme, now i want to withdraw the amount from the same to purchase building/plot.
While Bank said that there is some notification/circular from Income come regarding process to withdraw and want written letter from Assessing officer to withdraw the amunt please provide me full detail abount the notification and process to withdraw the amount.
While Bank said that there is some notification/circular from Income come regarding process to withdraw and want written letter from Assessing officer to withdraw the amunt please provide me full detail abount the notification and process to withdraw the amount.
10 October 2010
CBDT Notification No.GSR 724(E) dated 22/06/1988 contains the salient features of capital gains accounts scheme,1988. As per the scheme for closure of the account, an application has to be made,with the approval of Assessing Officer,to the deposit office(bank) in form-G of the said scheme.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- ITR 2 Short Term gain & Long term gain
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR validation error - Balance sheet is not filled
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
