Relief for rollover of investment asset

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..... cordance 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 invested for purchase or in construction of the new asset within one year before the beginning of the financial year in which the transfer .....

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..... ne month from the end of the month in which the amount is withdrawn, for the purposes of purchase or construction of the new asset.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 under the Capital Gains Deposit Scheme shall be utilised for the purposes of purchase or construction of the new asset within three years from the end of the financial year in which the transfer of the original asset is affected .....

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..... nsfer of the asset took place. 2. Any investment asset Residential house. (i) The assessee does not own any residential house, other than the new investment asset, on the date of transfer of the original investment asset; and (ii) The original investment asset was acquired prior to one year before the beginning of the financial year in which the transfer of the asset took place. 3. Any investment .....

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