https://www.taxtmi.com/acts?id=21156 Capital gain from transfer of a long-term asset is not charged if whole or part of the gain is invested within six months in a long-term specified asset; full exclusion applies where the cost of that asset equals or exceeds the gain, otherwise a proportionate exclusion applies. Investments from capital gains across the transfer year and the subsequent year are capped at fifty lakh rupees. If the specified asset is transferred within three years, the previously uncharged gain is deemed taxable; taking a loan on the specified asset is treated as its transfer. "Cost" means the amount invested out of capital gains. en-us Fri, 06 May 2016 16:30:38 +0530 Fri, 06 May 2016 16:30:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21156 Capital gain from transfer of a long-term asset is not charged if whole or part of the gain is invested within six months in a long-term specified asset; full exclusion applies where the cost of that asset equals or exceeds the gain, otherwise a proportionate exclusion applies. Investments from capital gains across the transfer year and the subsequent year are capped at fifty lakh rupees. If the specified asset is transferred within three years, the previously uncharged gain is deemed taxable; taking a loan on the specified asset is treated as its transfer. "Cost" means the amount invested out of capital gains. Act-Rules F. Acts / Amendment Acts Fri, 06 May 2016 16:30:38 +0530 https://www.taxtmi.com/acts?id=21156