https://www.taxtmi.com/circulars?id=9070 Relief from capital gains tax is available when sale proceeds are reinvested in a replacement capital asset within the prescribed period, and the taxpayer must decide on reinvestment based on their calculation of capital gains. Where a taxpayer specifically requests prompt determination of the capital gain, the Board directs the Income tax Officer to prioritise and expedite that assessment so the taxpayer can determine whether to invest sale proceeds within the allowable timeframe. en-us Fri, 25 Mar 1977 00:00:00 +0530 Thu, 02 Jun 2011 12:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9070 Relief from capital gains tax is available when sale proceeds are reinvested in a replacement capital asset within the prescribed period, and the taxpayer must decide on reinvestment based on their calculation of capital gains. Where a taxpayer specifically requests prompt determination of the capital gain, the Board directs the Income tax Officer to prioritise and expedite that assessment so the taxpayer can determine whether to invest sale proceeds within the allowable timeframe. Circulars Income Tax Fri, 25 Mar 1977 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9070