https://www.taxtmi.com/acts?id=46537 Amendments expand eligible equity share treatment to include shares from an eligible issue and deny a separate deduction when such cost is used for exemption. Deposits of transfer consideration as qualifying new assets require a written declaration against borrowing, attested filing with the return, and a post lock in institutional certificate; borrowing on the deposit is deemed conversion into money. Where additional compensation or consideration from compulsory acquisition or government approved transfers is enhanced, depositing that additional amount within the prescribed time yields proportional exemption of the gain, subject to revival of tax if the relevant asset is disposed of within the lock in. en-us Tue, 24 Dec 2024 11:37:47 +0530 Tue, 24 Dec 2024 11:37:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46537 Amendments expand eligible equity share treatment to include shares from an eligible issue and deny a separate deduction when such cost is used for exemption. Deposits of transfer consideration as qualifying new assets require a written declaration against borrowing, attested filing with the return, and a post lock in institutional certificate; borrowing on the deposit is deemed conversion into money. Where additional compensation or consideration from compulsory acquisition or government approved transfers is enhanced, depositing that additional amount within the prescribed time yields proportional exemption of the gain, subject to revival of tax if the relevant asset is disposed of within the lock in. Act-Rules F. Acts / Amendment Acts Tue, 24 Dec 2024 11:37:47 +0530 https://www.taxtmi.com/acts?id=46537