https://www.taxtmi.com/acts?id=10831 Rollover relief allows individuals and HUFs a deduction from capital gains when proceeds from an original investment asset are reinvested in specified new assets; the deduction equals A x (B+C+D)/E (with A as capital gain, B and C as investments before and during the transfer year, D as deposits under the Capital Gains Deposit Scheme, and E as net consideration) and is capped at the capital gain. Deposits must be utilised within prescribed short and three-year timeframes, and eligibility for particular asset conversions and conditions is set out in Table-3. en-us Thu, 20 Aug 2009 12:17:35 +0530 Thu, 20 Aug 2009 16:28:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10831 Rollover relief allows individuals and HUFs a deduction from capital gains when proceeds from an original investment asset are reinvested in specified new assets; the deduction equals A x (B+C+D)/E (with A as capital gain, B and C as investments before and during the transfer year, D as deposits under the Capital Gains Deposit Scheme, and E as net consideration) and is capped at the capital gain. Deposits must be utilised within prescribed short and three-year timeframes, and eligibility for particular asset conversions and conditions is set out in Table-3. Act-Rules Bills Thu, 20 Aug 2009 12:17:35 +0530 https://www.taxtmi.com/acts?id=10831