Capital gains exemption for reinvestment in eligible start up shares expanded to allow tech assets like computers and software. The amendment permits capital gains from transfer of a residential property to be exempt where such gains are invested in shares of an eligible start up as defined by the Explanation to the start up incentive provision; it also treats computers and computer software as 'new assets' for certified technology driven start ups, subject to certification, with effect from 1 April 2017.
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Provisions expressly mentioned in the judgment/order text.
Capital gains exemption for reinvestment in eligible start up shares expanded to allow tech assets like computers and software.
The amendment permits capital gains from transfer of a residential property to be exempt where such gains are invested in shares of an eligible start up as defined by the Explanation to the start up incentive provision; it also treats computers and computer software as "new assets" for certified technology driven start ups, subject to certification, with effect from 1 April 2017.
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