https://www.taxtmi.com/acts?id=18651 Amendment to section 54F conditions the capital gains exemption on investment in purchase or construction of one residential house in India. The timing rules remain: purchase within one year before or two years after transfer, or construction within three years after transfer, and the exempt portion is proportionate to the cost of the new asset to the net consideration. The amendment is effective from 1 April 2015 and applies to assessment year 2015 16 onwards. en-us Fri, 11 Jul 2014 15:55:59 +0530 Fri, 11 Jul 2014 15:56:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18651 Amendment to section 54F conditions the capital gains exemption on investment in purchase or construction of one residential house in India. The timing rules remain: purchase within one year before or two years after transfer, or construction within three years after transfer, and the exempt portion is proportionate to the cost of the new asset to the net consideration. The amendment is effective from 1 April 2015 and applies to assessment year 2015 16 onwards. Act-Rules Bills Fri, 11 Jul 2014 15:55:59 +0530 https://www.taxtmi.com/acts?id=18651