Quick Summary
The Ministry of Finance has issued a fresh notification introducing the Capital Gains Accounts (Second Amendment) Scheme, 2025, marking the most significant upgrade to the Capital Gains Account Scheme (CGAS), 1988 since its last revision in 2012. The amendment, notified on 19 November 2025, expands the scheme's scope and fully integrates digital payment and electronic compliance mechanisms. The update enhances taxpayer convenience, modernises operational processes, and strengthens digital recor
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FAQ :
The new scheme is the Capital Gains Accounts (Second Amendment) Scheme, 2025, which updates the 1988 scheme with digital payment and electronic compliance features.
Digital payments accepted include Credit & Debit Cards, Net Banking, IMPS, UPI, RTGS, NEFT, and BHIM Aadhaar Pay.
No, the amended scheme accepts electronic statements of account in place of physical passbooks.
Electronic closure of CGAS accounts will be mandatory from April 1, 2027.
The amendment enhances claims under Sections 54, 54B, 54D, 54F, 54G, 54GA, and 54GB of the Income-tax Act.
The scheme modernises the process, reduces paperwork and manual errors, improves compliance, and streamlines coordination for taxpayers and tax officials.
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