https://www.taxtmi.com/acts?id=47060 The amendment extends reinvestment exemption to individuals and Hindu undivided families, lengthens the pre-acquisition period to two years, and requires that net consideration not appropriated or not utilised for purchase or construction by the date of filing the income-tax return be deposited before filing in accounts specified under a Central Government scheme, with such deposit treated as part of the cost of the new asset; unutilised deposits not applied within the prescribed period become chargeable as capital gain when three years from the transfer expire, with withdrawal governed by the scheme. en-us Tue, 07 Jan 2025 12:18:28 +0530 Tue, 07 Jan 2025 12:18:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47060 The amendment extends reinvestment exemption to individuals and Hindu undivided families, lengthens the pre-acquisition period to two years, and requires that net consideration not appropriated or not utilised for purchase or construction by the date of filing the income-tax return be deposited before filing in accounts specified under a Central Government scheme, with such deposit treated as part of the cost of the new asset; unutilised deposits not applied within the prescribed period become chargeable as capital gain when three years from the transfer expire, with withdrawal governed by the scheme. Act-Rules F. Acts / Amendment Acts Tue, 07 Jan 2025 12:18:28 +0530 https://www.taxtmi.com/acts?id=47060