Does HDFC bank have capital gain account?

Provisions of Section 54EC The entire capital gain realized is invested within 6 months of the date of transfer in eligible bonds. Such investment is held for 3 years.

Does Icici bank has capital gain account?

Private Banks like HDFC, ICICI etc are not authorised to open Capital Gains Account and this account cannot be opened online as well. To deposit the amount in the capital gains account, the taxpayer would first be required to apply for opening the account by making in application in duplicate Form A (Download Form A).

How do I open a long term capital gain account?

A capital gains account can be opened by filling in and submitting Form A along with proof of address, PAN card copy and photograph. The amount can be deposited in the account through cheque, cash or demand draft. You can even deposit the amount in instalments.

How can I open capital gains account in SBI?

The applicant needs to submit an application form in prescribed format to open an account under the SBI Capgains Plus (Capital Gain Scheme 1988) scheme: We have here with attached an application form for SBI CapGains Plus scheme. Provide all details in the application form and submit the form to respective SBI branch.

Which bank is best for capital gain account?

A capital gain account can be opened in any authorized bank recommended by the Government which includes Central Bank of India, State Bank of India and its subsidiaries, Syndicate Bank, IDBI Bank, Bank of Baroda and Corporation Bank.

Can I buy capital gain bonds from SBI?

Investors can invest the amount in SBI Capgains Plus under the Capital Gains Account Scheme 1988. And then you are eligible to claim exemption of LTCG i.e. Long Term Capital Gains Tax on sale of Capital Assets. Here’s a quick look at all features of Capgains Plus account.

How do I deposit into capital gain scheme?

The deposit can be made in the form of a cheque, cash, or demand draft. If you are depositing the amount through a cheque or demand draft, the deposit date will reflect the date on which the cheque or demand draft was received at the deposit office, subject to realisation.

What is SBI capital gain Plus account?

SBI CAPGAIN PLUS is a scheme where you can re-invest 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. You can invest your money in SBI Capgains Plus under the Capital Gains Account Scheme 1988.

Can I open capital gain account in Union bank of India?

Can be opened in any branch other than rural branch. Under this scheme, the tax payers can avail of the benefit of exemption from Capital Gains, if the amount of Capital Gains or the net consideration is deposited in the bank on or before the due date of filling the return of income.

Which capital gain bond is best?

54EC bonds, or capital gains bonds, are one of the best way to save long-term capital gain tax. 54EC bonds are specifically meant for investors earning long-term capital gains and would like tax exemption on these gains.

Can I withdraw money from capital gains account?

How do I withdraw from Capital Gain Account Scheme (CGAS) Banks where deposits can be made under CGAS. Compliances to be done during the time amount remain in CGAS. Treatment of Interest Income Received under CGAS.