https://www.taxtmi.com/article/detailed?id=5115 Exemption from capital gains is available when sale proceeds are reinvested in a residential house by purchase or construction, and where reinvestment is not completed by the return-filing date the law permits depositing the sale consideration in a specified capital gains deposit account to preserve the exemption; courts have sometimes allowed completed reinvestment within an extended filing period to satisfy the requirement, but factual contingencies can jeopardise the relief and make depositing proceeds by the return-filing date advisable. en-us Fri, 26 Apr 2013 23:50:44 +0530 Fri, 26 Apr 2013 23:50:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5115 Exemption from capital gains is available when sale proceeds are reinvested in a residential house by purchase or construction, and where reinvestment is not completed by the return-filing date the law permits depositing the sale consideration in a specified capital gains deposit account to preserve the exemption; courts have sometimes allowed completed reinvestment within an extended filing period to satisfy the requirement, but factual contingencies can jeopardise the relief and make depositing proceeds by the return-filing date advisable. Articles Income Tax Fri, 26 Apr 2013 23:50:44 +0530 https://www.taxtmi.com/article/detailed?id=5115