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, ... Summary
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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