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Capital Gains Accounts (Second Amendment) Scheme, 2025
November 29 , 2025
14 hrs 0 min
16
0
- The amendment updates the Capital Gains Account Scheme (CGAS), 1988, to modernize and digitize its processes.
- It adds Section 54GA (capital gains from shifting industries to Special Economic Zones) along with Sections 54, 54B, 54D, 54F, 54G, and 54GB (capital gains exemption sections).
- The definition of a Deposit Office now includes all authorized banks, and any bank under the Banking Regulation Act-1949, notified by the government.
- New digital payment modes like UPI, Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), net banking, and credit/debit cards are now allowed.
- Electronic passbooks and digital account statements are permitted for deposits, withdrawals, and transfers.
- From 1 April 2027, account closure must be done online using a Digital Signature or an Electronic Verification Code (EVC).
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