Capital gains account scheme 1988 pdf

As mentioned above, the time limit available to the depositor for reinvestment and avail the exemption, in many cases is longer than the due date to file the return of income. Application for withdrawal of amount from accounta under. Capital gains account scheme 1988 form g in excel finotax. Section 54g capital gain on account of transfer of machinery, plant or business or land of and industrial undertaking situated in an urban area for shifting of even. You can invest your money in sbi capgains plus under the capital gains account scheme 1988.

Capital gains account scheme 1988 form d in excel finotax. The capital gains accounts scheme, 1988 scheme notified vide notification nos. The term deposit scheme comes with a nomination facility and minimum principal amount of rs. Capital gains accounts scheme, 1988 gsr 724e, dated 22. Chapter iv of the income tax act deals with the computation. The capital gain account scheme helps you avail tax exemptions from capital gains, with two types of accounts, savings and term deposit accounts. Application for closing the account under the capital gains accounts scheme, 1988 by the depositor. About forms compiled in pdf fillable as excel word format. Sbi capgain plus is a scheme where you can reinvest your money in a residential property or any other specifed assest within the guaranteed time period in order be free from a payment of long term capital gains tax. Capital gain account scheme 1988, as the name suggests, was introduced in the year 1988 to provide a facility to people to take advantage of long term capital gain. The capital gains account scheme cgas was initiated by the government in 1988 and is meant to help those who are not able to reinvest their real estate sale proceeds in a new residential. How to make the most of capital gains account scheme. The capital gains account scheme was introduced in the year 1988, and as per the capital gains account scheme the amount of capital gains to be claimed as an exemption should be either be reinvested or deposited in the capital gains account before the due date of filing of returns.

Sbi capgains plus capital gain scheme 1988 deal4loans. Capital gains account scheme was introduced in 1988 by the central government. Capital gains accounts scheme, 1988 to the manager name and address of the deposit office i, name and address of the applicant depositor aged years hereby apply for open gn i accouat n and or account b, under the capital gains accounts scheme, 1988 in terms of. Opening an account under capital gain scheme 1988 you ve had a long term capital gain under the respective sections of the income tax act. Download capital gains account scheme 1988 form d details regarding utilisation of the amount withdrawn from account which you can fill before print on your pc. Capital gains accounts scheme, 1988 to the branch manager, state bank of india. Application for withdrawal of amount from account a under the capital gains accounts scheme, 1988 to the manager name and address of the deposit office i, name of the applicantdepositor, son of.