Please advice me for my following capital gain fixed deposite receipt issue with Central Bank of India, Mulund west branch.
We have purchased 625 sq.ft. flat in Mulund west in the year 1989 on my wife. She was working with Municipal Corporation of Greater Mumbai from 1976 as Trained Teacher. In year 2004 we have purchased new flat in Mulund on both name.(Husband & Wife). We have sold old flat and capital gain invested in Govt. Capital Scheme with central bank of india Fixed Deposit Scheme on 31.07.2006.(Rs.265000/-). Unfortunately my wife expired due to Cancer in year Jan 2009 before maturity of Fixed Deposit receipt.As a legal heir when I approached to Central Bank of India Mulund Branch, they asked me take clearance from Income tax Department on Form-H. Last three year I am following with Income Tax Dept. & Bank, till today there was not a single reply from Income Tax Dept. CentraL bank of India also send letter to Income Tax dept. regarding this issue and ask clarification for disbursement of this amount.
Kindly advice me to get back my capital as I am SENIOR CITIZEN and badly required of fund for my medical treatment.
Thanking You and waiting for guidance from your forum at earliest.
Warm Regard,
A B RANE.
CAclubindia
