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Capital Gains Account Scheme (CGAS), 1988

Capital Gains Account Scheme (CGAS), 1988: The Ministry of Finance recently notified the Capital Gains Accounts (Second Amendment) Scheme, 2025, introducing changes to the Capital Gains Account Scheme (CGAS), 1988. It was introduced by the Central Government in 1988 to help taxpayers claim exemptions on long-term capital gains. Under Section 54 of the Income Tax […]