https://www.taxtmi.com/acts?id=49082 Capital gains from compulsory acquisition of land or buildings used in an industrial undertaking are relieved if the assessee purchases or constructs replacement land or building within the reinvestment period; excess gain over replacement cost is taxable while gain reinvested reduces the cost basis of the new asset; unutilised proceeds must be deposited under a notified scheme with proof on filing, treated as part of the new asset cost, and any remaining deposited amount after the period is charged as income and may be withdrawn per the scheme. en-us Fri, 14 Feb 2025 16:44:57 +0530 Fri, 14 Feb 2025 16:44:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49082 Capital gains from compulsory acquisition of land or buildings used in an industrial undertaking are relieved if the assessee purchases or constructs replacement land or building within the reinvestment period; excess gain over replacement cost is taxable while gain reinvested reduces the cost basis of the new asset; unutilised proceeds must be deposited under a notified scheme with proof on filing, treated as part of the new asset cost, and any remaining deposited amount after the period is charged as income and may be withdrawn per the scheme. Act-Rules Bills Fri, 14 Feb 2025 16:44:57 +0530 https://www.taxtmi.com/acts?id=49082