Get Application For Opening An Account Under The Capital Gains Accounts Scheme 1988

Filling out the Application for Opening An Account Under The Capital Gains Accounts Scheme 1988 is an essential task for those looking to manage capital gains effectively. This guide provides clear, step-by-step instructions on how to complete the application form online with ease.

Follow the steps to successfully complete your application form.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering your name and address in the designated fields. Make sure to provide accurate information as it will be used for account verification.
3. Specify your age and state your intention to apply for either Account A or Account B, or both, under the Capital Gains Accounts Scheme, referencing the appropriate sections of the Act.
4. Provide the amount you wish to deposit, clearly stating whether it is in cash, by crossed cheque, or through a demand draft. Include the cheque or draft number if applicable.
5. Indicate whether you wish to make a nomination in respect of the funds in the account. If you do not wish to have a nomination at this time, select the appropriate option.
6. If you are applying on behalf of a minor, provide information regarding your relationship to the minor, as well as the date of birth of the minor.
7. Fill in the depositor’s permanent income tax account number along with the district or ward where they are assessed.
8. Specify the assessment year relevant to the deposit. Include the financial year range applicable to the deposit.
9. Confirm which account you are making a deposit into by selecting Account A, Account B, or both. Provide amounts for each account accordingly.
10. If selecting Account B, indicate the period for which the deposit will be made and whether it is a cumulative or non-cumulative deposit.
11. Affix your signature or thumb impression at the designated spot as a final affirmation of your application.
12. Review all entered information for accuracy before saving, downloading, printing, or sharing the completed form.

Begin your application online to ensure a smooth process for opening your capital gains account.