How Save LTCG (Long term Captial Gain) Tax on Sale of residential Property

Rathour Sanjeev (4 Points)

23 August 2023  

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,