Fri Jan 02 05:30:00 UTC 2026: Here’s a summary of the provided text and a rewritten version as a news article:

Summary:

The Hindu e-paper, dated January 1, 2026, includes various sections covering world affairs, cinema, technology, science, data analysis, health, and books. A key news item highlights ICICI Bank’s launch of the Capital Gains Account Scheme (CGAS), allowing resident individuals and HUFs to deposit un-invested long-term capital gains for tax exemptions for up to three years while earning interest. The scheme is for taxpayers who need more time to reinvest their capital gains, and accounts can be opened at most ICICI Bank branches.

News Article:

ICICI Bank Launches Capital Gains Account Scheme for Taxpayers

Mumbai, January 1, 2026 – ICICI Bank has announced the launch of its Capital Gains Account Scheme (CGAS), effective today, January 1, 2026. This new initiative enables resident individuals and Hindu Undivided Families (HUFs) to deposit un-invested long-term capital gains or proceeds from the sale of specified capital assets and benefit from tax exemptions for up to three years.

The scheme is designed to assist taxpayers who are unable to reinvest their long-term capital gains before the Income Tax Return (ITR) filing deadline. Deposited funds will also earn interest during the holding period.

According to an ICICI Bank spokesperson, the launch follows government approval, authorizing the bank to handle CGAS deposits. The scheme will be extended to non-individuals and NRIs shortly.

“With this scheme, customers can park un-invested long term capital gains, earn interest, and claim tax exemptions, while planning reinvestment up to three years,” said the spokesperson. “This offering reinforces our commitment to deliver financial solutions that meet evolving customer needs.”

Customers can open a Capital Gains Account by visiting their nearest ICICI Bank branch, excluding rural locations as per CGAS rules. The bank emphasizes its dedication to providing financial solutions that adapt to the evolving needs of its customers.

Read More