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of <h1>Non-Resident Indians Can Now Defer Capital Gains Tax by Reinvesting Foreign Asset Transfer Proceeds into Specified Indian Assets Within 6 Months</h1> NRIs can now defer or avoid long-term capital gains tax on foreign exchange asset transfers by reinvesting proceeds into specified Indian assets within six months. The new Income Tax Bill, 2025, maintains similar provisions to the previous 1961 Act, offering full or proportionate tax exemption if reinvestment conditions are met. A three-year lock-in period applies, with potential taxation if assets are prematurely transferred or converted.
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