Exemption from capital gains: seven year bank deposits, HUDCO bonds and repurchasable mutual fund units qualify for reinvestment relief. The notification specifies qualifying long term assets for capital gains reinvestment: deposits of not less than seven years with SBI, its subsidiaries, corresponding nationalised banks, or cooperative banks; bonds redeemable after seven years issued by HUDCO; and units repurchasable after seven years issued by any mutual fund including the Unit Trust of India.
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 from capital gains: seven year bank deposits, HUDCO bonds and repurchasable mutual fund units qualify for reinvestment relief.
The notification specifies qualifying long term assets for capital gains reinvestment: deposits of not less than seven years with SBI, its subsidiaries, corresponding nationalised banks, or cooperative banks; bonds redeemable after seven years issued by HUDCO; and units repurchasable after seven years issued by any mutual fund including the Unit Trust of India.
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