Capital Gains Accounts (Second Amendment) Scheme, 2025

The Capital Gains Accounts (Second Amendment) Scheme, 2025 was issued by the Central Board of Direct Taxes (CBDT) on 19 November 2025.

The amendment modernises and digitises the Capital Gains Account Scheme (CGAS), 1988 by expanding banking access, enabling digital transactions, and simplifying documentation procedures.

Aspect	Details
Expanded Tax Scope	The amendment formally includes Section 54GA, relating to the shifting of industries to Special Economic Zones (SEZs), ensuring consistency with exemption provisions under Sections 54, 54B and 54F.
Broadened Banking Access	The term “Deposit Office” has been redefined to include any banking company covered under the Banking Regulation Act, 1949, expanding access beyond selected public-sector banks.
Digital Integration	The scheme introduces electronic payment systems such as UPI, IMPS, NEFT, and credit/debit cards, reducing dependence on physical cheques.
Streamlined Documentation	Traditional passbooks have been replaced with electronic statements and digital transaction records, improving taxpayer mobility and simplifying audits in a fully digital tax ecosystem.

PT Facts

CGAS: Enables taxpayers to temporarily park unutilised capital gains to claim exemption.
Linked Sections: Commonly associated with Sections 54, 54B, 54D, 54F, 54G and 54GA.
Account Types: Deposits are generally maintained as Account A and Account B.
Account A: Savings-type deposit account under the scheme.
Unused Deposits: Unutilised amounts become taxable after the prescribed period.
CBDT: Functions under the Department of Revenue, Ministry of Finance.

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