Hi buddy,
I want you to know that the withdrawal terms differ depending on the type of deposit you have made. Type A account doesn’t have any restrictions on withdrawal. However, for a type B account, you are required to transfer the money to a type A account first and then withdraw. You may have to pay a penalty for premature withdrawals.
Moreover, you are required to reinvest the withdrawn money in a specific investment within sixty days of the withdrawal or redeposit in a type A account immediately. If you are withdrawing for the first time, then you are required to submit Form C. For all subsequent withdrawals, you will have to submit Form D with the details of how the previous money was utilised.
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Authors Of The Question
What is the withdrawal of interest amount from capital gain account type B?
V. H. Patel
257 Views
1 Answers
2 Year
2022-08-28T22:52:48+00:00 2022-08-30T17:54:42+00:00Comment
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