Relief for follover of investment asset.

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..... 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 investment asset; B = the amount invested for purchase or construction of the new asset referred to in sub-section (6) within a period of one year before th .....

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..... ital gains arising from the transfer of the investment assets. (4) Any amount withdrawn from an account under the Capital Gains Deposit Scheme shall be utilised within a period of one month from the end of the month in which the amount is withdrawn, for the purposes of purchase or construction of the new asset.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 under the Capital Gains Deposit Scheme shall be .....

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..... (i) an agricultural land during two years immediately preceding the financial year in which the asset is transferred; and (ii) acquired at least one year before the beginning of the financial year in which the transfer of the asset took place. 2. Any investment asset residential house (2) The new asset shall not be transferred within one year from the end of the financial year in which the new ass .....

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