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Capital Gains Savings Account
A person who sold a land and wanted to deposit the money in Capital Gains Savings Account for Further investment. Can he deposit the same in the form of Fixed Deposits under Capital Gains Savings Scheme.
Replies (2)
capital gains account scheme is kind of fixed deposit only but it cannot be closed without the approval of your jurisdictional AO
Yes, you can open Type B account, after opening Type A savings CGAS account.
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