Tax on capital gain

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I am planning to sell my property which is located in villupuram district and it was bought 3 yrs before (3 yrs about to complete), If i sell my property now,

1. will i be entitled to pay tax on capital gain?

2. is there any other way to exclude to pay tax on capital gain like buying new property in the FY. if yes, what is the time duration, within that, i need to buy the new property.

pls advise

AI Summary

Exploring Capital Gains Tax: Selling Property After 3 Years and Reinvestment Exemptions Explained A user inquired about the tax implications of selling a property in Villupuram district, which was purchased nearly three years ago. They asked if they would be liable for capital gains tax upon selling the property and whether there are any exemptions available, such as reinvesting in a new property. They also requested information on the timeframe within which a new property must be purchased to qualify for any potential tax exemptions.