10 November 2017
what happens if I do not close my capital gain account after 3 years, Is the money freeze or it will be converted in saving bank account, or there will be any notice comes from bank or income tax department for closing of account.
10 November 2017
the balance in the account will become taxable as LTCG in the year in which 3 years is completed. You shall be free to withdraw the amount thereafter.
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