https://www.taxtmi.com/manuals?id=1957 Capital gain on transfer of a long-term capital asset other than a residential house is exempt where an Individual or HUF invests the net consideration in one residential house in India within the prescribed purchase or construction period. The exemption may be full or proportionate depending on the cost of the new asset, and unutilised consideration must be deposited in the Capital Gains Deposit Scheme or Capital Gains Account Scheme within the stipulated time. The exemption is withdrawn if another residential house is acquired, if the new house is transferred within three years, or if deposited amounts remain unutilised beyond the allowed period. en-us Sat, 11 Feb 2023 11:56:00 +0530 Fri, 12 Jun 2026 18:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1957 Capital gain on transfer of a long-term capital asset other than a residential house is exempt where an Individual or HUF invests the net consideration in one residential house in India within the prescribed purchase or construction period. The exemption may be full or proportionate depending on the cost of the new asset, and unutilised consideration must be deposited in the Capital Gains Deposit Scheme or Capital Gains Account Scheme within the stipulated time. The exemption is withdrawn if another residential house is acquired, if the new house is transferred within three years, or if deposited amounts remain unutilised beyond the allowed period. Manuals Income Tax Sat, 11 Feb 2023 11:56:00 +0530 https://www.taxtmi.com/manuals?id=1957