https://www.taxtmi.com/manuals?id=1958 Capital gains exemption is available where an industrial undertaking is shifted from an urban area to a non-urban area and specified business assets are transferred for that purpose. The assessee must reinvest within one year before or three years after the transfer in new plant and machinery, land or building, construction, shifting expenses or other approved expenditure, and the exemption is limited to the amount so invested. Unutilised capital gains must be deposited in the notified capital gains deposit scheme within the prescribed time, and any amount remaining unutilised after three years becomes taxable as capital gains. en-us Sat, 11 Feb 2023 11:58:00 +0530 Fri, 12 Jun 2026 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1958 Capital gains exemption is available where an industrial undertaking is shifted from an urban area to a non-urban area and specified business assets are transferred for that purpose. The assessee must reinvest within one year before or three years after the transfer in new plant and machinery, land or building, construction, shifting expenses or other approved expenditure, and the exemption is limited to the amount so invested. Unutilised capital gains must be deposited in the notified capital gains deposit scheme within the prescribed time, and any amount remaining unutilised after three years becomes taxable as capital gains. Manuals Income Tax Sat, 11 Feb 2023 11:58:00 +0530 https://www.taxtmi.com/manuals?id=1958