Question

The time duration between sale of property and buying of property to avail tax benefit?

Answer 1

In case the entire capital gains are not invested, the balance amount is charged to longterm capital gains tax. However, the entire tax exemption will be reversed if the new property is sold within three years of purchase or construction. ... However, one can invest only up to Rs 50 lakh in these bonds in a financial year.

Answer 2

 In case the entire capital gains are not invested, the balance amount is charged to longterm capital gains tax. However, the entire tax exemption will be reversed if the new property is sold within three years of purchase or construction. ... However, one can invest only up to Rs 50 lakh in these bonds in a financial year.