Amendments to Capital Gains Accounts Scheme, 1988

Last updated: 20 November 2025

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The Ministry of Finance has issued amendments to the Capital Gains Accounts Scheme, 1988. These changes, effective from the date of publication in the Official Gazette, introduce updates to how deposits are handled and which sections of the Income-tax Act, 1961 are covered. Specifically, sections 54GA have been incorporated into the scheme.

MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 19th November, 2025(INCOME-TAX) S.O. 5293(E). In exercise of the powers conferred by sub-section (2) of section 54, sub-section (2) of section 54B, sub-section (2) of section 54D, sub-section (4) of

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FAQ :

The Capital Gains Accounts Scheme, 1988, is a scheme established under the Income-tax Act, 1961, to manage accounts related to capital gains.

The notification introduces amendments to paragraph 1 and paragraph 2 of the Capital Gains Accounts Scheme, 1988, including the insertion of '54GA' into relevant clauses.

The amendments come into effect on the date of their publication in the Official Gazette.

Deposit Offices include branches of the State Bank of India, subsidiary banks, corresponding new banks, or any 'banking company' authorised by the Central Government to receive deposits and maintain accounts under the scheme.

The amendments reference sub-section (2) of section 54, sub-section (2) of section 54B, sub-section (2) of section 54D, sub-section (4) of section 54F, sub-section (2) of section 54G, sub-section (2) of section 54GA, and sub-section (2) of section 54GB of the Income-tax Act, 1961.