Digital deposits, simpler rules, and easier compliance under the new CGAS framework.

The 2025 Amendment Scheme has transformed the Capital Gains Account Scheme (CGAS) into a digital-first, simplified process. Taxpayers can now deposit capital gains online, access electronic statements, and benefit from clearer rules and simpler ITR forms. With expanded banking access and broader exemptions, this scheme reduces stress and makes tax compliance easier for property sellers, NRIs, and businesses.

No More Cheque Panic

Earlier, taxpayers had to rush to deposit cheques or demand drafts into their CGAS account before the filing deadline. If the cheque bounced or clearance was delayed, it created huge stress.

The Big Change: Now you can deposit your unused capital gains through Net Banking, UPI, RTGS, NEFT, and other electronic methods.

The Relief: The deposit date is counted as the date the bank receives your electronic payment. No more confusion about cheque clearance times. This is especially helpful for property sellers and NRIs.

Digital Accounts and Easy Access

The process is now going paperless, which means more convenience and fewer hassles.

• No more passbooks: Electronic statements are accepted for deposits, withdrawals, and account closure.
• More banks included: The government has expanded the list of banks that can open and manage CGAS accounts. Even private banks are now part of the network, giving taxpayers more choice and better service.

Clearer Rules and Simpler Calculations

The focus of the 2025 amendments is to make compliance easier.

• Simpler ITR forms (coming soon): New forms will have less jargon and easier tables. More taxpayers with capital gains may be able to use ITR-1 or ITR-4 instead of complex forms like ITR-2 or ITR-3.
• Broader scope: CGAS now covers Section 54GA exemptions, helping businesses that shift from urban areas to SEZs.

This shows the government’s intent to bring all capital gains relief under one clear framework.

What You Should Do Now

• Use digital deposits: If you’re selling an asset and want exemption, deposit through online modes. It’s faster and safer.
• Check your bank: See if your preferred bank is part of the expanded CGAS network.
• Consult your CA: Rules around LTCG (20% with indexation vs 12.5% without) are still tricky. Get advice to save maximum tax.

The Bottom Line

The 2025 Amendment Scheme is a genuine effort to reduce the stress of tax compliance. By going digital, expanding access, and simplifying rules, it makes life easier for taxpayers. It’s a welcome move towards a more efficient and friendly tax system.

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