https://www.taxtmi.com/acts?id=21403 Capital gains from transfer of a long term capital asset are not charged under section 45 to the extent invested in notified units of a specified long term fund within six months; full exclusion applies when investment cost equals or exceeds the capital gain, otherwise a proportionate exclusion applies, subject to an annual investment ceiling. If the specified asset is transferred within three years, the excluded amount is deemed capital gains in the year of transfer; taking a loan on the asset is a deemed transfer. "Cost" means amount invested from capital gains and specified assets are notified fund units. en-us Thu, 12 May 2016 11:03:46 +0530 Thu, 28 Aug 2025 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21403 Capital gains from transfer of a long term capital asset are not charged under section 45 to the extent invested in notified units of a specified long term fund within six months; full exclusion applies when investment cost equals or exceeds the capital gain, otherwise a proportionate exclusion applies, subject to an annual investment ceiling. If the specified asset is transferred within three years, the excluded amount is deemed capital gains in the year of transfer; taking a loan on the asset is a deemed transfer. "Cost" means amount invested from capital gains and specified assets are notified fund units. Act-Rules Income Tax Thu, 12 May 2016 11:03:46 +0530 https://www.taxtmi.com/acts?id=21403