Sir,
My Query related to - How to save LTCG tax arrised due to sale of residential flat in Mumbai.
Q.1) Can I buy commercial Property ie Shop/Industrial premise , after selling Residential flat. Also Save LTCG tax by re-investment in above in FY 2023-24.
Q. 2 ) If unable to re-invest full considered amount ( on sale of res.property) , So need to deposit in Capital gain bank account. ( *** question is : Should I deposit full considered amt. or only capital gain value or amount.)
Q.3) During sale transaction : Can I deposit sale considerd value in saving a/c ,then transfer into new bank a/c of capital gain bank account.
Thanks,