9 months ago
CGAS Overhaul: Digital Deposits, SEZ Relief, Mandatory E-Closure
The government has made big changes to the Capital Gains Account Scheme.
Now, you can deposit money from selling a house or business into these special accounts online, using your credit/debit card, net banking, or other digital payment methods.
This makes it easier for people living abroad or in remote areas to save on capital gains tax.
The scheme also covers businesses moving to Special Economic Zones.
In the future, you'll have to close these accounts online too.
Finance Ministry updates Capital Gains Account Scheme (CGAS) after 37 years
Allows electronic deposits, expands eligible banks, accepts online statements
Includes capital gains from industrial shifts to SEZs, mandates digital closure from 2027
Simplifies compliance, reduces delays for property sellers, NRIs, and businesses
CGAS now recognizes electronic payment modes like credit/debit cards, net banking, UPI, etc.
- Who
- Finance Ministry, Taxpayers, Non-Resident Indians (NRIs), Businesses
- What
- Updated Capital Gains Account Scheme (CGAS)
- Where
- India
- When
- November 19, 2025
- Why
- To simplify capital gains compliance, reduce delays, and remove frictions for property sellers, NRIs, and industrial undertakings
Taxpayers' Perspective
Banks' Perspective
Ease of Compliance
Taxpayers' Perspective
More convenient and faster capital gains deposits and closures
Banks' Perspective
Key facts
- Effective Date of Electronic Deposit
- Date the electronic payment is received by the deposit office along with the application
- Eligible Electronic Payment Modes
- Credit/Debit Cards, Net Banking, IMPS, UPI, RTGS, NEFT, BHIM Aadhaar Pay
- Inclusion of Section 54GA
- Capital gain exemptions for shifting an industrial undertaking from an urban area to an SEZ
- Mandatory Digital Closure from
- April 1, 2027
- Acceptance of Electronic Account Statements
- Yes
Quotes
Ajay R. Vaswani
Founder, Aras and Co., Chartered Accountants
“The Capital Gains Accounts (Second Amendment) Scheme, 2025 represents a major leap towards a modern, digital, transparent and taxpayer-friendly capital gains compliance system.”
livemint.com
