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<h1>Depositors Need Form G and Assessing Officer Approval to Close Capital Gain Accounts; Section 54GB Applies to Eligible Companies.</h1> To close a capital gain account, a depositor must submit Form G with the passbook or deposit receipt to the deposit office, requiring prior approval from the jurisdictional Assessing Officer. Eligible companies under section 54GB must file a joint application. For deceased depositors, nominees use Form H, while legal heirs must provide a succession certificate or probate. The deposit office will transfer the account balance, including interest, to the depositor's or nominee's bank account.