https://www.taxtmi.com/manuals?id=1956 Exemption is available for long-term capital gains arising from transfer of land, building, or both, where the assessee invests the capital gains in specified bonds within six months from the date of transfer. The exemption is limited to the lower of the capital gain or the amount invested, subject to the prescribed aggregate ceiling, and premature transfer, conversion into money, or borrowing against the bonds within the lock-in period causes the earlier exempted gain to become taxable. The commentary also notes restrictions on double tax benefits and identifies the principal issuers of qualifying bonds. en-us Sat, 11 Feb 2023 11:54:00 +0530 Wed, 10 Jun 2026 18:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1956 Exemption is available for long-term capital gains arising from transfer of land, building, or both, where the assessee invests the capital gains in specified bonds within six months from the date of transfer. The exemption is limited to the lower of the capital gain or the amount invested, subject to the prescribed aggregate ceiling, and premature transfer, conversion into money, or borrowing against the bonds within the lock-in period causes the earlier exempted gain to become taxable. The commentary also notes restrictions on double tax benefits and identifies the principal issuers of qualifying bonds. Manuals Income Tax Sat, 11 Feb 2023 11:54:00 +0530 https://www.taxtmi.com/manuals?id=1956