Capital gains reinvestment restriction limits exemption to one residential house in India. Amendment replaces the prior construction/purchase wording in sub section (1) to require construction or acquisition of one residential house in India, thereby restricting the capital gains reinvestment exemption to a single residential dwelling located within India; enacted by the Finance (No. 2) Act, 2014 and given operative effect from the commencement specified in the enactment.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Capital gains reinvestment restriction limits exemption to one residential house in India.
Amendment replaces the prior construction/purchase wording in sub section (1) to require construction or acquisition of one residential house in India, thereby restricting the capital gains reinvestment exemption to a single residential dwelling located within India; enacted by the Finance (No. 2) Act, 2014 and given operative effect from the commencement specified in the enactment.
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