https://www.taxtmi.com/acts?id=11710 Rollover relief allows an individual or HUF to deduct from capital gains an amount proportionate to reinvestment in a prescribed new asset or deposits under the Capital Gains Deposit Scheme, calculated by a specified formula and capped by the capital gain. Deposited amounts must be applied to purchase or construction within defined short and three-year utilisation periods. Relief is available where the new asset corresponds to the original asset class (agricultural land or residential house) and subject to ownership, prior holding and post-acquisition transfer restrictions. en-us Thu, 16 Sep 2010 18:45:09 +0530 Fri, 17 Sep 2010 13:30:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11710 Rollover relief allows an individual or HUF to deduct from capital gains an amount proportionate to reinvestment in a prescribed new asset or deposits under the Capital Gains Deposit Scheme, calculated by a specified formula and capped by the capital gain. Deposited amounts must be applied to purchase or construction within defined short and three-year utilisation periods. Relief is available where the new asset corresponds to the original asset class (agricultural land or residential house) and subject to ownership, prior holding and post-acquisition transfer restrictions. Act-Rules Bills Thu, 16 Sep 2010 18:45:09 +0530 https://www.taxtmi.com/acts?id=11710