Notification No. 161/2025 dated 19/11/2025
The Central Board of Direct Taxes (CBDT) has notified the Capital Gains Accounts Scheme (Second Amendment) Scheme, 2025. The Scheme further amends the Capital Gains Accounts Scheme, 1988 (‘the Scheme’). The amendment is effective from the date of its publication in the Official Gazette, i.e., 19-11-2025.
The Scheme has been amended to include the following key changes:
1. Scheme Enabled to Claim Section 54GA Exemption
The Capital Gains Account Scheme benefit is now extended to assessees claiming exemption under section 54GA. Although section 54GA already allows exemption when the capital gain is deposited in the Scheme, the Scheme did not expressly include section 54GA within its scope.
2. Meaning of ‘Deposit Officer’
The meaning of “Deposit Office” is expanded to include any other banking company covered under the Banking Regulation Act that receives deposits and maintains a capital gain scheme account for the depositor under the Scheme.
3. Deposit Through ‘Electronic Mode’
Paragraph 5 of the Scheme is amended to recognise payment through ‘Electronic Mode’ as a valid mode for making deposits for the opening of a Capital Gains Account. Earlier, deposits could be made only in cash, by crossed cheque, or by draft.
The ‘electronic mode” means payment by use of an electronic clearing system through a bank account or by way of any of the following modes, namely:
- Credit Card;
- Debit Card;
- Net Banking;
- IMPS (Immediate Payment Service);
- UPI (Unified Payment Interface);
- RTGS (Real Time Gross Settlement);
- NEFT (National Electronic Funds Transfer), and
- BHIM (Bharat Interface for Money) Aadhaar Pay.
4. Online Account Closure Mandatory from April 2027
From 1 April 2027, the option to close the account must be submitted electronically, either through a digital signature or an electronic verification code.
Click Here To Read The Full Notification
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