One of my friends has recently closed the capital gains account by following the below tips:
According to Rule 13 of the Capital Gain Account Scheme 1988, in order to close a capital gain account, a depositor (other than an eligible company as defined in Section 54GB) must submit an application in
Form Gto the deposit office with the prior approval of the Assessing Officer who has jurisdiction over the depositor, along with the passbook of account-A or deposit receipt of account-B, as applicable.
In the case of a deceased depositor for whom a nomination has been made, the nominee must submit an application for the closure of an account in
Form-Hto the deposit office with the prior consent of the jurisdictional Assessing Officer of the deceased depositor, along with the passbook of account-A or deposit receipt of account-B, as applicable. The dead depositor's balance, along with any interest earned, will be paid out by the deposit office and credited to the nominee's choice of bank account.
Moreover, you can get complete details on
https://incometaxindia.gov.in/Lists/ASKITQA/DispForm.aspx?ID=2732
.
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How to do the closure of capital gains account?
Veena
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1 Answers
1 Year
2023-06-23T09:27:30+00:00 2023-06-26T16:49:32+00:00Comment
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