02
Jan
ICICI Bank has announced the launch of the Capital Gains Account Scheme (CGAS), allowing customers to deposit un-invested long-term capital gains or sale proceeds from specified capital assets to claim tax exemptions while earning interest. The scheme is available from January 1, 2026, following the Government’s approval of ICICI Bank as an authorised institution to manage CGAS deposits. The facility is currently open to resident individuals and Hindu Undivided Families (HUFs), with availability for non-individuals and NRIs to follow. It is designed for taxpayers who are unable to reinvest capital gains before the Income Tax Return filing deadline. Accounts can…
