Amendments to Capital Gains Accounts Scheme, 1988

Last updated: 20 November 2025

Save Share

Quick Summary

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)
NOTIFICATION
New 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 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 (43 of 1961), the Central Government hereby makes the following Scheme further to amend the Capital Gains Account Scheme, 1988, namely:-

1. This Scheme may be called the Capital Gains Accounts (Second Amendment) Scheme, 2025.
(2) It shall come into force on the date of its publication in the Official Gazette.

2. In the Capital Gains Accounts Scheme, 1988 (hereinafter referred to as the said Scheme), in paragraph 1, in sub-paragraph (3), after the figures and letter “54G”, the figures and letters “, 54GA” shall be inserted.

3. In the said Scheme, in paragraph 2,–

(i) for clause (e), the following clause shall be substituted, namely:–

‘(e)"Deposit Office" means any branch or branch office of–

(i) the State Bank of India constituted under the State Bank of India Act, 1955 (23 of 1955) or of a subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act, 1959 (38 of 1959), or of a corresponding new bank constituted under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings)Act, 1970 (5 of 1970) or under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980); or

(ii) a "banking company" as defined under clause (c) of section 5 of the Banking Regulation Act, 1949(10 of 1949),which is authorised by the Central Government, by notification in the Official Gazette, to receive deposit and maintain account of the depositor under this Scheme;’;

(ii) in clause (f), after the figures and letter “54G”, the figures and letters “, 54GA” shall be inserted;

Official copy of the circular has been attached

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.

Notification No : F. No.161/2025/F. No. 370142
Source : https://egazette.gov.in/(S(kknrn3yyaajky3wzzwctj2sm))/ViewPDF.aspx

Attached File : 322600_11512_267831.pdf

downloaded 7 times

277 Views Comment Share Custom Report

Notification posted by

CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments