Exemption for residential capital gains requires reinvestment in a new residential house to qualify for tax relief. Exemption from capital gains tax applies to gains from transfer of a residential house property where the capital gains are reinvested in the purchase or construction of a new residential house; the provision identified conditions the exemption on such reinvestment.
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.
Exemption for residential capital gains requires reinvestment in a new residential house to qualify for tax relief.
Exemption from capital gains tax applies to gains from transfer of a residential house property where the capital gains are reinvested in the purchase or construction of a new residential house; the provision identified conditions the exemption on such reinvestment.
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