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of <h1>Capital gains from compulsory land acquisitions are tax-exempt if reinvested in similar assets within three years.</h1> Capital gains from the compulsory acquisition of lands or buildings used in industrial undertakings are not taxed if the proceeds are reinvested in similar assets within three years. If the capital gain exceeds the cost of the new asset, the excess is taxed, and the cost for future gains is set to nil. If the gain is equal to or less than the new asset's cost, no tax is charged. Unutilized gains must be deposited in a specified bank by the tax return due date and used per government schemes. Unused deposits after three years are taxed, and the remaining funds can be withdrawn.
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