https://www.taxtmi.com/acts?id=41401 Amendment imposes a monetary cap on amounts eligible for exemption under section 54F by providing that cost of a new asset in excess of the prescribed threshold shall not be taken into account for computing the reinvestment exemption. Subsection governing deposits and accounting is modified to operate subject to that cap and to exclude net consideration exceeding the threshold from computation for the deposit rule. en-us Thu, 30 Mar 2023 15:32:29 +0530 Sat, 01 Apr 2023 16:52:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41401 Amendment imposes a monetary cap on amounts eligible for exemption under section 54F by providing that cost of a new asset in excess of the prescribed threshold shall not be taken into account for computing the reinvestment exemption. Subsection governing deposits and accounting is modified to operate subject to that cap and to exclude net consideration exceeding the threshold from computation for the deposit rule. Act-Rules F. Acts / Amendment Acts Thu, 30 Mar 2023 15:32:29 +0530 https://www.taxtmi.com/acts?id=41401