Dear Team,
For a property Sale consideration, if I plan to invest the money in another property only, then in that case, within how much time should I buy the real estate property so that I dont get any tax liability
Hello @Patl_Pel
If you sell a property and want to save tax on the capital gains, you must purchase another residential property within 2 years from the date of sale or construct a new one within 3 years. If the property is not purchased before the due date of filing the ITR, the capital gain amount should be deposited in a Capital Gains Account Scheme (CGAS) before the filing deadline to claim tax exemption.