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June 23rd, 2016, 11:24 AM
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Join Date: Mar 2012
Re: Capital gain scheme SBBJ

Hey as per my idea Capital gain scheme of SBBJ was started in 1988 and here I am giving you its details

Coverage
The Capital Gains Deposit Scheme is operative at all branches except rural branches.

Minimum Amount
Rs. 5000 in case of Term Deposits and
Rs. 1000 in case of Saving Banks a/c

Loan facility
No loan facility against this deposit is available
This term deposit can neither be accepted as margin money for non-fund based nor as collateral to any type of fund-based facilities.

Eligibility
Candidate should be Resident Individuals, Body of individuals
Candidate should be Non- individuals like Hindu Undivided family (HUF), sole proprietorship firms; partnership firms companies, Association of persons etc
Candidate should be Non -resident Indians Not Ordinary Resident assesses. Artificial judicial persons who have capital gains, taxable in India.

Period of Deposit
Not exceeding 2/3 years from the date of transfer of original asset as
2 years - if capital gains is U/s 54B, 54 F. 54 G
3 Years - if capital gains is U/s 54, 54 D


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