CBDT Modernizes Capital Gains Scheme: Easier Tax Exemptions for SEZ Investments

Overview

The Central Board of Direct Taxes (CBDT) has updated the Capital Gains Account Scheme, effective November 19. The amendment now includes capital gains arising from shifting industrial undertakings to Special Economic Zones (SEZs) under Section 54GA, promoting SEZ investments. It also embraces digital payments like UPI and net banking, enhancing taxpayer convenience.