CGAS Account withdrawal
sushil mane (30 Points)
10 August 2021
if I was amount withdrawal from CGAS accounts then Can I Use this amount for my business purpose.
2 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 11 August 2021
No you cannot use the amount for business purposes but the amount should be utilised within 60 days from the date of withdrawal for purchase of property or investing in bonds
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