Capital gains reinvestment exemptions permit tax relief where gains are re-invested in prescribed assets under specified conditions. Tax exemption on capital gains is available when gains are re-invested in specified assets and within statutory time and condition limits. Individuals and HUFs may reinvest long-term gains from a residential house into one (or, subject to limits, two) residential houses in India, with any excess cost over a monetary ceiling ignored. Reinvestment relief also applies to agricultural land transfers (into agricultural land), transfers of land or buildings (into specified bonds), investment in notified long-term assets for start-up financing, industrial compulsory acquisition (into replacement industrial land/buildings), and shifting of undertakings to rural areas or special economic zones (into qualifying land, buildings, plant or machinery).