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Capital gain account scheme

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12 February 2018 If I have used all the amount in the CGAS for the eligible purposes and thereby closed the account do I need to inform the Assessing Officer of the fact either by way of a form or a letter or through disclosure in the ITR of the relevant Assessment Year ??

12 February 2018 For closing the account Form G as approved by the ITO has to be given to the bank.
Nothing more to do.

16 February 2018 Thank you so much for the information ...
But just let me know that if I have closwd my account and my banker did not ask for any such form and also closed it, do I need to do anything else ?


21 October 2021 No. nothing required to be done...



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