The Economic Times News

ICICI Bank launches Capital Gains Account Scheme: Know how you can deposit uninvested capital gains to save income tax

ICICI Bank introduces a Capital Gains Account Scheme starting January 1, 2025. This scheme allows resident individuals and HUFs to deposit long-term capital gains for tax exemption. Funds can be parked for up to three years in savings or term deposit accounts. This offers a solution for taxpayers unable to reinvest gains before the ITR deadline.