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of <h1>Investors Can Defer Capital Gains Tax by Reinvesting in Specified Assets Within Six Months of Transfer</h1> Tax provision allows deferral of capital gains tax when long-term capital assets are reinvested in specified assets within six months of transfer. If reinvestment cost equals or exceeds capital gains, the entire gain is exempt from taxation. If reinvestment is partial, proportional tax exemption applies. However, if the reinvested asset is transferred or converted within seven years, the previously deferred capital gains become taxable in that year. Loan or advance against the reinvested asset triggers tax liability.
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