Deposit Account under capital gains scheme 1988

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Deposit Account under capital gains scheme 1988
Query (Issue) Started By: - DEEPAK CHHABRA Dated:- 20-7-2011 Last Reply Date:- 21-7-2011 Income Tax
Got 1 Reply
Income Tax
Can an assesse o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... pen 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. Reply .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... By GOPALJI AGRAWAL: The Reply: 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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the litigation.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X