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of <h1>Tax Relief for Long-Term Capital Gains: Reinvest in Equity Shares Within 6 Months to Minimize Tax Liability Under Section 45</h1> This statutory provision addresses capital gains tax exemption for long-term capital assets like listed securities or units. If an investor transfers such assets and reinvests the capital gains into eligible equity shares within six months, they can partially or fully avoid taxation under section 45. The exemption applies to transfers before April 1, 2006, with specific conditions regarding the public issue of equity shares and subsequent sale restrictions. If the specified equity shares are sold within one year, the previously exempted capital gains become taxable.
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