TMI BlogClosure of the accountX X X X Extracts X X X X X X X X Extracts X X X X ..... e depositor to the deposit office in Form G or as near thereto as possible, and the deposit office shall pay the amount of balance including interest accrued, to the credit in the account of the depositor by means of crediting such amount to any bank account of the depositor. 2 [ (1A) If a depositor, being an eligible company, referred to in section 54GB , desires to close its account ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the payment of the balance standing to the credit in the account of the deceased depositor, shall make an application to the deposit office in Form H or as near thereto as possible with the approval of the Assessing Officer who has jurisdiction over the deceased depositor, and the deposit office shall pay the amount of balance standing to the credit in the account of the deceased depositor includ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... etter of disclaimer or letter of authorisation from other legal heirs in his favour : Provided further that before granting the approval for closure of the account under this sub-paragraph, the Assessing Officer shall obtain from the legal heir a succession certificate issued under Part V of the Indian Succession Act, 1925, or a probate of the will of the deceased depositor, if any, or le ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ct the right or claim which any person may have against the person to whom any payment is made under this paragraph. ------------------------- Notes:- 1. Inserted vide Notification No. 44/2012, dated 25/10/2012 , 2. Inserted vide Notification No. 44/2012, dated 25/10/2012 , - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Tax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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