I have kept money in Capital Gain Account, now I have purchased plot using that money and remaining of 20 Lakh is there.
To utilise the balance 20 Lakh for construction what supporting documents to be produced to the bank.
I am getting into the agreement with the building contractor for construction, I need to make payment at every stage of construction as per agreement, bank is asking for agreement Copy and demand letter from contractor for dispursement of money, thru Form C they will issue DD to contractor.
Next bank need supporting for utilisation of the amount thru Form D, what supporting should I submit, contractor should take invoice in his name or in my name while purchasing the materials, please guide me how to proceed further as bank are also not aware of this process properly.
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