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of <h1>Clause 86: Exemption for proportionate long-term capital gains on reinvestment into one residential house with deposit rules</h1> Clause 86 exempts proportionate long-term capital gains for individuals/HUFs who reinvest proceeds from sale of non-residential long-term assets into one residential house in India within specified pre- and post-transfer windows, with unutilised amounts required to be deposited under a notified scheme and subject to recapture if not applied within three years; monetary caps of INR 10 crore apply. Key enactment changes tighten relief versus the Bill: the Act triggers deposit based on 'net consideration' (rather than 'capital gains'), references a specific filing due-date provision, and shortens the disqualification period for acquiring another house from two years to one year.
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