Capital gains account closure: depositor must apply with account details, supporting passbook and authorised signatures for processing. Form G requires the depositor to apply to the deposit office to close an account under the Capital Gains Accounts Scheme, 1988 by providing ACCOUNT-A and ACCOUNT-B identifiers and tendering the pass book or deposit receipt, stating capacity (individual, guardian, authorised officer, or Karta) and signing or thumb-impressing the application; the Assessing Officer must sign and stamp approval and the deposit office records the closed account details and amounts paid, with inapplicable options deleted and a special signature requirement where the account pertains to an eligible company.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Capital gains account closure: depositor must apply with account details, supporting passbook and authorised signatures for processing.
Form G requires the depositor to apply to the deposit office to close an account under the Capital Gains Accounts Scheme, 1988 by providing ACCOUNT-A and ACCOUNT-B identifiers and tendering the pass book or deposit receipt, stating capacity (individual, guardian, authorised officer, or Karta) and signing or thumb-impressing the application; the Assessing Officer must sign and stamp approval and the deposit office records the closed account details and amounts paid, with inapplicable options deleted and a special signature requirement where the account pertains to an eligible company.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.