https://www.taxtmi.com/forum/issue?id=109994 Reinvestment of capital gains requires either purchase of a residential property within the acquisition period or completion of construction on purchased land within the construction period to claim exemption. Partial works and ancillary evidence such as electricity connection or foundation/plinth do not substitute for completed construction. Parking proceeds in a capital gains account scheme preserves the funds pending reinvestment, but final investment must be made by the prescribed deadline; otherwise the exemption is not available and capital gains tax becomes payable. en-us Sat, 05 Mar 2016 19:16:39 +0530 Thu, 23 Jan 2025 15:56:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109994 Reinvestment of capital gains requires either purchase of a residential property within the acquisition period or completion of construction on purchased land within the construction period to claim exemption. Partial works and ancillary evidence such as electricity connection or foundation/plinth do not substitute for completed construction. Parking proceeds in a capital gains account scheme preserves the funds pending reinvestment, but final investment must be made by the prescribed deadline; otherwise the exemption is not available and capital gains tax becomes payable. Discussion-Forum Income Tax Sat, 05 Mar 2016 19:16:39 +0530 https://www.taxtmi.com/forum/issue?id=109994