Relief for rollover of investment asset

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..... sset in accordance with the provisions of this section. (2) The deduction referred to in sub-section (1) shall be computed in accordance with the formula A X (B+C+D)/ E Where A = the amount of capital gains arising from the transfer of the original asset; B = the amount investe .....

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..... ub-section (2) shall not exceed the amount of capital gains arising from the transfer of the investment assets. (4) Any amount withdrawn from the account under the Capital Gains Deposit Scheme shall be utilised within one month from the end of the month in which the amount is withdrawn, for the purposes of purchase or construction of the new asset. (5) The amount deposited in the account und .....

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..... 1. Agricultural land One or more pieces of agricultural land. The original investment asset was- (i) an agricultural land during two years immediately preceeding the financial year in which the asset is transferred; and (ii) acquired prior to one year before the beginning of the financial year in which the transfer of the asset took place. 2. Any invest .....

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