https://www.taxtmi.com/acts?id=50641 Relief of tax on capital gains applies to transfers of long-term assets held for charitable or religious purposes where reinvestment in a new asset for the same purpose occurs during the previous year or within six months after its close; full exemption applies if the new asset's cost equals or exceeds net consideration, otherwise exemption is proportionate to that cost. A deferred reckoning period applies for compensation received after the previous year in compulsory acquisitions. Qualifying property classes and partial-application proportionality are specified, and "net consideration" is defined by statutory cross-reference. en-us Mon, 14 Apr 2025 17:27:35 +0530 Thu, 24 Jul 2025 11:52:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50641 Relief of tax on capital gains applies to transfers of long-term assets held for charitable or religious purposes where reinvestment in a new asset for the same purpose occurs during the previous year or within six months after its close; full exemption applies if the new asset's cost equals or exceeds net consideration, otherwise exemption is proportionate to that cost. A deferred reckoning period applies for compensation received after the previous year in compulsory acquisitions. Qualifying property classes and partial-application proportionality are specified, and "net consideration" is defined by statutory cross-reference. Act-Rules F. Acts / Amendment Acts Mon, 14 Apr 2025 17:27:35 +0530 https://www.taxtmi.com/acts?id=50641