Capital gains deposit accounts set separate savings and term regimes with differing withdrawal rules and a filing deadline. The Scheme provides two deposit types: Deposit account A as a savings deposit allowing withdrawals from time to time, and Deposit account B as a term deposit (cumulative or non cumulative) with withdrawals permitted only after the term expires except as otherwise provided in paragraphs 7 and 9. Deposits may be made lump sum or by instalments on or before the due date for furnishing the applicable income tax return for the depositor or eligible assessee.
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 deposit accounts set separate savings and term regimes with differing withdrawal rules and a filing deadline.
The Scheme provides two deposit types: Deposit account A as a savings deposit allowing withdrawals from time to time, and Deposit account B as a term deposit (cumulative or non cumulative) with withdrawals permitted only after the term expires except as otherwise provided in paragraphs 7 and 9. Deposits may be made lump sum or by instalments on or before the due date for furnishing the applicable income tax return for the depositor or eligible assessee.
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