u/BedroomNo6314

Hi

Father sold a property for 1.25 cr purchased a house for 1.30 cr , already paid 1.17 cr remaining to be paid during registry , now he has to keep 8 lakhs in capital gain preferable FD . What is the process of closure of CAPITAL GAIN FD , is opening a CG SAVING ACCOUNT mandatory if normal saving account exists.

If all the payment was made from say SBI, can i keep CGAS Account in other psu bank .

I have heard closure of CG Account is a headache especially getting a letter from AO income tax officer, also AO is of which city where the person belongs, where the account is opened , where the property is purchased or sold?

Please guide.

Also if you can pls give rough idea how much do CA,s charge for filling return in case of CAPITAL GAIN and property purchased.

My father sold his 30 yr old land in two tranches in dec 2025 and jan 2026 for total 1.25cr , he has now purchased a new flat for 1.30 cr for which he has paid 117 so far , possession of the flat will be done by June 2026 , he will pay the remaining 13 lakhs during registry .

However registry is going to take time as OC of the building is pending due to some legal issue of builder and municipal authority.

Now when my father approached a ca he said registry of the flat is mandatory for return filing . My father who is 77 yrs old is now worried and anxious.

Pls advise what to do , can his return be filled on the basis of sale deed and possession letter??

My father sold his 30 yr old land in two tranches in dec 2025 and jan 2026 for total 1.25cr , he has now purchased a new flat for 1.30 cr for which he has paid 117 so far , possession of the flat will be done by June 2026 , he will pay the remaining 13 lakhs during registry .

However registry is going to take time as OC of the building is pending due to some legal issue of builder and municipal authority.

Now when my father approached a ca he said registry of the flat is mandatory for return filing . My father who is 77 yrs old is now worried and anxious.

Pls advise what to do , can his return be filled on the basis of sale deed and possession letter??