Capital gain exemption for residential house reinvestment depends on purchase timelines, deposit compliance, and reinvestment limits. Exemption on capital gain from transfer of a residential house is available to an individual or HUF where the original asset is a long-term residential house property taxable under the head Income from House Property. The exemption depends on reinvestment in one residential house in India within the prescribed purchase or construction period, with a one-time option to invest in two houses where the capital gain does not exceed the stated threshold. Unutilised gains must be deposited in the notified Capital Gains Deposit Scheme before the due date, and any unutilised balance becomes taxable after the prescribed period.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Capital gain exemption for residential house reinvestment depends on purchase timelines, deposit compliance, and reinvestment limits.
Exemption on capital gain from transfer of a residential house is available to an individual or HUF where the original asset is a long-term residential house property taxable under the head Income from House Property. The exemption depends on reinvestment in one residential house in India within the prescribed purchase or construction period, with a one-time option to invest in two houses where the capital gain does not exceed the stated threshold. Unutilised gains must be deposited in the notified Capital Gains Deposit Scheme before the due date, and any unutilised balance becomes taxable after the prescribed period.
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