Home |Banking | Do we get cheque book or atm card with capital gain account type A. How we transfer money to contractor? Do we need bills for that?

Do we get cheque book or atm card with capital gain account type A. How we transfer money to contractor? Do we need bills for that?

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Subin VR Subin VR, Chartered Accountant,FCA, DISA (ICAI) verified
Answered on August 17,2021

Most probably cheque book/ATM will not be available with Capital Gain Account Schemes. Your bank manager will transfer fund to contractor upon verifying the authenticity of transactions. A contract agreement is sufficient. 

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