Residential house exemption limited to one residential house in India, restricting reinvestment relief under capital gains law. Amendment narrows the capital gains exemption by requiring that reinvestment be applied to the construction or acquisition of one residential house in ... Summary
Residential house exemption limited to one residential house in India, restricting reinvestment relief under capital gains law.
Amendment narrows the capital gains exemption by requiring that reinvestment be applied to the construction or acquisition of one residential house in India, substituting the prior broader wording to impose a one-house limitation on the qualifying reinvestment destination.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.