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of <h1>Capital Gains Accounts Scheme now covers section 54GA and enables electronic deposits, payments, closures from 2027</h1> The notification amends the Capital Gains Accounts Scheme, 1988, effective from its publication in the Official Gazette, and is titled the Capital Gains Accounts (Second Amendment) Scheme, 2025. It extends the Scheme's applicability to section 54GA of the Income-tax Act and broadens the definition of 'Deposit Office' to include authorised banking companies. It introduces 'electronic mode' for deposits and payments (including UPI, NEFT, RTGS, etc.), recognises electronic statements of account, and clarifies the effective date of deposit made electronically or by cheque/draft. From 1 April 2027, closure of accounts and filing of Forms G and H must be done electronically with specified procedures and verification controls.
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