https://www.taxtmi.com/acts?id=15936 The amendment extends the capital gain exemption for transfers of land used for agricultural purposes so that where such land was used by the assessee or a parent in the two years before transfer and the capital gain is invested in purchase of agricultural land within two years, the exemption also applies where the assessee is a Hindu undivided family. The reinvestment and prior-use conditions continue to determine eligibility, and the change takes effect prospectively from the stated commencement. en-us Fri, 16 Mar 2012 14:19:03 +0530 Fri, 16 Mar 2012 17:35:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15936 The amendment extends the capital gain exemption for transfers of land used for agricultural purposes so that where such land was used by the assessee or a parent in the two years before transfer and the capital gain is invested in purchase of agricultural land within two years, the exemption also applies where the assessee is a Hindu undivided family. The reinvestment and prior-use conditions continue to determine eligibility, and the change takes effect prospectively from the stated commencement. Act-Rules Bills Fri, 16 Mar 2012 14:19:03 +0530 https://www.taxtmi.com/acts?id=15936