What's CGAS and which bank is permitted to open such account?
1) How it works?
2) What is the interest paid?
3) Is loan possible to meet contingency?
TIA
What's CGAS and which bank is permitted to open such account?
1) How it works?
2) What is the interest paid?
3) Is loan possible to meet contingency?
TIA
| Feature | Details |
|---|---|
| Purpose | To park capital gains till reinvestment |
| Types | Type A (savings), Type B (FD) |
| Interest | Same as bank SA/FD; taxable |
| Loan facility | Not allowed |
| Withdrawals | Allowed only for approved construction/purchase |
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
