Bank interest on capital gains account scheme ( savings account) accumulated over 2 years but duly submitted for tax in income tax returns - is it subject to same withdrawal rules as the principal deposit? Can we insist that the bank credits such interest to a "free", "normal" savings account instead of accumulating it in the capital gain deposit account itself?
Menu
Withdrawal of interest on capital gains account
Replies (1)
Yes surely interest on capital gain account scheme is free and can be credited to your normal SB account.
Recent Topic
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
Related Topics
CAclubindia
