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Is AO approval not reqd if amount in cg acct. is less than 5 lakhs (interest only ) while closing it?
Is AO approval not reqd if amount in cg acct. is less than 5 lakhs (interest only ) while closing it?
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Subin VR, Chartered Accountant,FCA, DISA (ICAI) 
Answered on May 14,2022
Required if you are not utllising for the concerned purpose.
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