Darshan Jain's Expert Profile

Queries Replied : 21

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I am a Chartered Accountant with practice in both Direct and Indirect Taxes. I am also a teacher, a speaker for various topics of Tax, MS-Excel, Tally ERP, etc. A firm believer in the fact that knowledge increases by sharing, I keep on writing for various journals and magazines.

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Vishwanath D N says : Capital Gains Account Closure Query
Is it Compulsary/Mandatory to Close the CGAS Account after utilising the complete capital gains amount for Purchase of the House Property? Can we just leave the CGAS account with zero balance in the bank. There will be no issues if we dont close the account? Read more at: https://www.caclubindia.com/forum/disclosure-of-amount-utilised-from-capital-gain-account-in-itr2-584231.asp?offset=1