https://www.taxtmi.com/acts?id=49085 Exemption of capital gains is available when assets of an industrial undertaking are transferred from an urban area to a non-urban area and the assessee, within the prescribed reinvestment window, purchases new plant or machinery, acquires or constructs premises, shifts and transfers the establishment, or incurs expenses under a notified scheme. If reinvestment cost is less than the gain, the difference is taxable; if equal or greater, no gain is charged. Unused proceeds must be deposited in a specified institution and applied per the notified scheme, otherwise they become taxable when the reinvestment period lapses. en-us Fri, 14 Feb 2025 16:45:44 +0530 Thu, 20 Feb 2025 12:16:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49085 Exemption of capital gains is available when assets of an industrial undertaking are transferred from an urban area to a non-urban area and the assessee, within the prescribed reinvestment window, purchases new plant or machinery, acquires or constructs premises, shifts and transfers the establishment, or incurs expenses under a notified scheme. If reinvestment cost is less than the gain, the difference is taxable; if equal or greater, no gain is charged. Unused proceeds must be deposited in a specified institution and applied per the notified scheme, otherwise they become taxable when the reinvestment period lapses. Act-Rules Bills Fri, 14 Feb 2025 16:45:44 +0530 https://www.taxtmi.com/acts?id=49085