Capital gains account withdrawal requires declaration of how withdrawn funds were utilised and supporting receipts and re-deposit details. Depositors withdrawing amounts from an Account under the Capital Gains Accounts Scheme, 1988 must submit Form D identifying the deposit office and account, stating the amount and date of withdrawal, and specifying for each purpose the amount used, party paid and voucher/receipt details; the depositor must declare whether the amount was wholly utilised or partly utilised with any balance re deposited to the same account, sign the declaration (or provide guardian/Karta/authorised officer signature where applicable), and the deposit office will record whether withdrawal is permitted or additional information is required.
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Capital gains account withdrawal requires declaration of how withdrawn funds were utilised and supporting receipts and re-deposit details.
Depositors withdrawing amounts from an Account under the Capital Gains Accounts Scheme, 1988 must submit Form D identifying the deposit office and account, stating the amount and date of withdrawal, and specifying for each purpose the amount used, party paid and voucher/receipt details; the depositor must declare whether the amount was wholly utilised or partly utilised with any balance re deposited to the same account, sign the declaration (or provide guardian/Karta/authorised officer signature where applicable), and the deposit office will record whether withdrawal is permitted or additional information is required.
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