https://www.taxtmi.com/article/detailed?id=15178 Demolition followed by fresh construction on the same plot can qualify for the capital gains exemption where the works amount to a genuine new residential house, completion or purchase occurs within prescribed periods, net consideration is proportionately invested, and any unutilised funds are deposited under the Capital Gains Account Scheme. Commencing construction before transfer does not automatically bar exemption if factual evidence shows bona fide reconstruction and compliance with timelines, while mere repairs, extensions, or change of use may disqualify the exemption. en-us Sat, 04 Oct 2025 08:25:10 +0530 Sat, 04 Oct 2025 08:25:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15178 Demolition followed by fresh construction on the same plot can qualify for the capital gains exemption where the works amount to a genuine new residential house, completion or purchase occurs within prescribed periods, net consideration is proportionately invested, and any unutilised funds are deposited under the Capital Gains Account Scheme. Commencing construction before transfer does not automatically bar exemption if factual evidence shows bona fide reconstruction and compliance with timelines, while mere repairs, extensions, or change of use may disqualify the exemption. Articles Income Tax Sat, 04 Oct 2025 08:25:10 +0530 https://www.taxtmi.com/article/detailed?id=15178