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What to do with amount withdrawn from CGAS but not utilized within 60 days?

myITreturn Helpdesk
  • Updated

 If you are not able to utilize the amount within 60 days of it’s withdrawal, the amount withdrawn should be redeposited in the account. 

CGAS, Amount from CGAS, Tax filing Explained about the amount withdrawn from CGAS which is not used within 60 Days.

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  • kunal bhansali

    What if such amount is not even deposited in the account and an asset is purchased from that amount. can we claim exemption from that amount by purchasing an asset within stipulated time ?

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