The government has expanded the network of banks permitted to handle Capital Gains Account Scheme (CGAS) deposits, making it easier for taxpayers to park their unutilised capital gains and claim tax exemptions. In a fresh notification issued under clause (e) of paragraph 2 of the CGAS, 1988, the Ministry of Finance has added 19 private and small finance banks to the list of authorised institutions.

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Which banks have been added? All non-rural branches of the following 19 banks are now authorised to accept deposits and maintain Capital Gains Accounts:

HDFC Bank , ICICI Bank , Axis Bank , City Union Bank , DCB Bank, Federal Bank , IDFC FIRST Bank , IndusInd Bank , Jammu & Ka

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