capital gain

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12 Points Posted on 04 January 2019
a person sell his RHP in2016 and go to bank for open a capital gain account but bank make a mistake. bank had not open a cga. bank could not follow the procedure incorporated CGAS. what he do
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On 04 January 2019 at 22:52 Report
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CA in Practice
174 Points Posted on 04 January 2019
Take a letter from the Bank that it was their mistake they could not open it as per the Capital gain account scheme. And request them to do compliance now. Taking the letter from the bank will keep you on safer side.
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On 04 January 2019 at 23:06
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12 Points Posted on 05 January 2019
bank give a latter but AO make a investigation and bank denies
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On 05 January 2019 at 13:27
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Bank cannot deny when they have given a letter with the due stamp and signature of the authorised person. In my opinion, it should hold as a valid proof. By the way is the capital gain amount now used to buy another property (u/s 54?)

case in assessee's favour

Income Tax Officer-1(1), Lucknow vs Smt. Aarti Kumaria, Lucknow on 14 March, 2018

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On 10 January 2019 at 12:33
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12 Points Posted on 10 January 2019
tanks sir I am go to appeal and plea this case
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On 10 January 2019 at 12:42

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