https://www.taxtmi.com/manuals?id=3163 Capital gains from transfer of a long-term capital asset are exempt to the extent invested in a long-term specified asset within six months; full exemption applies if investment cost equals or exceeds the gain, otherwise a proportionate exemption applies. Investments are subject to an annual aggregate ceiling across the year of transfer and the subsequent year. If the specified asset is transferred within three years, or a loan/advance is taken on its security, the previously exempt amount is recharacterised as long-term capital gain. "Cost" for the specified asset equals the amount invested from capital gains, and specified assets are units of notified funds issued before the cutoff date. en-us Thu, 14 Sep 2023 15:07:00 +0530 Tue, 26 Mar 2024 16:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=3163 Capital gains from transfer of a long-term capital asset are exempt to the extent invested in a long-term specified asset within six months; full exemption applies if investment cost equals or exceeds the gain, otherwise a proportionate exemption applies. Investments are subject to an annual aggregate ceiling across the year of transfer and the subsequent year. If the specified asset is transferred within three years, or a loan/advance is taken on its security, the previously exempt amount is recharacterised as long-term capital gain. "Cost" for the specified asset equals the amount invested from capital gains, and specified assets are units of notified funds issued before the cutoff date. Manuals Income Tax Thu, 14 Sep 2023 15:07:00 +0530 https://www.taxtmi.com/manuals?id=3163