https://www.taxtmi.com/notifications?id=144404 The Capital Gains Accounts Scheme 1988 permits eligible assessees to deposit capital gains in two account types - Account A (withdrawable savings) and Account B (term deposit, cumulative or non cumulative) - to preserve exemption eligibility under specified Income tax provisions. It prescribes application and documentation (Forms A-H), deposit and interest computation rules, permitted inter account transfers and premature withdrawal penalties (one per cent interest reduction), utilisation timing for withdrawn funds, nomination and succession procedures, and Assessing Officer approval for account closure. en-us Wed, 22 Jun 1988 00:00:00 +0530 Mon, 08 Dec 2025 09:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=144404 The Capital Gains Accounts Scheme 1988 permits eligible assessees to deposit capital gains in two account types - Account A (withdrawable savings) and Account B (term deposit, cumulative or non cumulative) - to preserve exemption eligibility under specified Income tax provisions. It prescribes application and documentation (Forms A-H), deposit and interest computation rules, permitted inter account transfers and premature withdrawal penalties (one per cent interest reduction), utilisation timing for withdrawn funds, nomination and succession procedures, and Assessing Officer approval for account closure. Notifications Income Tax Wed, 22 Jun 1988 00:00:00 +0530 https://www.taxtmi.com/notifications?id=144404