Capital Gains Accounts (Second Amendment) Scheme, 2025

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....ital 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 (2....

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....n 54GA" shall be inserted. 5. In the said Scheme, in paragraph 5,- (a) in sub-paragraph (4), after the words "cheque or by draft", the words "or by electronic mode" shall be inserted; (b) for sub-paragraph (6), the following sub-paragraph shall be substituted, namely:- "(6) If the deposit is made by a cheque or a draft or by electronic mode then, subject to such cheque or draft or payment by such electronic mode being realised, the effective date of deposit for the purpose of claiming exemption under the Act shall be the date on which the cheque or draft or payment by such electronic mode is received by the deposit office along with the application made under sub-paragraph (1) or sub-paragraph (5), as the....

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....or the Director General of Income-tax (Systems), or any person authorised by the Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems), as the case may be, shall, - a) specify the procedure for filing of Form G and Form H; b) forward Form G or Form H, as applicable, to the Assessing Officer having jurisdiction over the applicant, and upon approval by the Assessing Officer, to the applicant; c) specify the data structure, standards and manner of generation of electronic verification code, referred to in sub-paragraph (7), for verification of the person furnishing the said Form; and d) be responsible for formulating and implementing appropriate security, archival and....