Interest on capital gain FD

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  1. Kannan

    Kannan New Member

    Dear Sir / madam,

    Is the interest received on long term capital gain FD opened in a Bank can be credited to normal SB a/c in the Bank or it should be credited in the capital gain a/c A SB a/c.

    If it is to be credited in the capital gain A SB a/c , how to withdraw the amount for day today expenses?

    Pleas reply with a copy to my e-mail ID [email protected].

    Thanks and best regards,
  2. Parul_Gupta

    Parul_Gupta Active Member

    The Interest on Capital Gains Account would be credited to the Capital Gains Account itself.

    This amount is not for day-to-day expenses but for reinvestment for specified purpose.
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