https://www.taxtmi.com/acts?id=46748 Capital gain on transfer of a long-term capital asset other than a residential house is not charged where an individual purchases a residential house within one year before or after the transfer or constructs one within three years after; full exemption applies if cost of the new house is at least the net consideration, otherwise exemption is proportionate to cost. The exemption is denied if the assessee owns or acquires, within the specified periods, any other residential house yielding income under "Income from house property." Exempted amounts are deemed taxable if a different residential house is later purchased/constructed within the periods or if the new asset is transferred within three years. en-us Mon, 30 Dec 2024 14:19:23 +0530 Mon, 30 Dec 2024 14:19:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46748 Capital gain on transfer of a long-term capital asset other than a residential house is not charged where an individual purchases a residential house within one year before or after the transfer or constructs one within three years after; full exemption applies if cost of the new house is at least the net consideration, otherwise exemption is proportionate to cost. The exemption is denied if the assessee owns or acquires, within the specified periods, any other residential house yielding income under "Income from house property." Exempted amounts are deemed taxable if a different residential house is later purchased/constructed within the periods or if the new asset is transferred within three years. Act-Rules F. Acts / Amendment Acts Mon, 30 Dec 2024 14:19:23 +0530 https://www.taxtmi.com/acts?id=46748