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Deposit Account under capital gains scheme 1988, Income Tax
Issue Id: - 3202
Dated: 20-7-2011
By:- DEEPAK CHHABRA

Deposit Account under capital gains scheme 1988

  • Contents

Can an assesse open two deposit accounts in a public sector bank in accordance with the Capital Gains Account Scheme 1988 for the purpose of utilisation of the same for purchase/construction of house property.

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Showing Replies 1 to 1 of 1 Records

Page: 1

1 Dated: 21-7-2011
By:- GOPALJI AGRAWAL

Legally speaking the words used are "an account" which is interpreted as any or more than one also.

But it would be better to deposit the same in one account to avoid the litigation.

Page: 1

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