long term capital gain account

Actually am in tamilnadu. I went to the nationalised bank and asked about long tersm capital gain savings account. But they told that there is no such account. What to do? shall i put the amount which i got thru selling my house in any savings account?

I need your suggestion.

asked Sep 24 '11 at 11:00 by vignesh 94671223


Amount has to be deposited to capital gain accounts scheme 1988 account only. I would advise you to go to a nationalized bank branch in a major city. Its available in most of such banks.

Please find below links to some bank website's capital gain account page:

Capital Gains Exemption Deposit Scheme in Union Bank of India
CAPITAL GAIN ACCOUNT SCHEME -1988 in Punjab National Bank
CAPITAL GAIN ACCOUNTS SCHEME 1988 in Bank of India
Capital Gain Account Scheme, 1988 in Bank of Baroda

answered Sep 24 '11 at 19:23 by Pankaj Batra 5.2k320

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Asked: Sep 24 '11 at 11:00

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Last updated: Sep 24 '11 at 19:23