https://www.taxtmi.com/acts?id=51617 Capital gains from transfer of a long-term capital asset other than a residential house are exempt, wholly or proportionately, when an individual or HUF purchases or constructs a residential house within the prescribed pre- and post-transfer periods; unutilised net consideration must be deposited in a specified bank under a notified scheme before filing the return, treated as part of the new asset cost, and if not applied within the statutory period the previously exempted gains are recalculated and charged as income, with specified exclusions where other taxable residential properties are owned or acquired and with monetary ceilings limiting amounts taken into account. en-us Wed, 13 Aug 2025 19:07:31 +0530 Tue, 26 Aug 2025 14:19:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51617 Capital gains from transfer of a long-term capital asset other than a residential house are exempt, wholly or proportionately, when an individual or HUF purchases or constructs a residential house within the prescribed pre- and post-transfer periods; unutilised net consideration must be deposited in a specified bank under a notified scheme before filing the return, treated as part of the new asset cost, and if not applied within the statutory period the previously exempted gains are recalculated and charged as income, with specified exclusions where other taxable residential properties are owned or acquired and with monetary ceilings limiting amounts taken into account. Act-Rules Income Tax Wed, 13 Aug 2025 19:07:31 +0530 https://www.taxtmi.com/acts?id=51617