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Q.

How to open capital gain account

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Hi,

According to the Capital Gains Account Scheme, 1988, the number of capital gains to be claimed as an exemption shall be either re-invested or put in the Capital Gains Account even before the due date of filing returns. The Capital Gains Account can be formed under its rules.

28 banks that can open the government's capital gains account have been notified by the government. Except for Rural Branches, all of these 28 banks' branches are permitted to create a capital gains account. Opening Capital Gains Accounts by Private Banks like HDFC, ICICI, and others is not permitted, and these accounts cannot be opened online either.

I hope I was able to help you.

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