https://www.taxtmi.com/forum/issue?id=3632 Long term capital gain exemption on sale of a house requires reinvestment of sale proceeds within prescribed mechanisms. Unutilised proceeds after purchasing a new property are taxable unless deposited in the Capital Gains Account Scheme for construction or invested in specified capital gain bonds within the statutory purchase window; failure to meet those timing and utilisation conditions causes the unutilised amount to be treated as taxable long term capital gain. en-us Thu, 08 Dec 2011 18:24:11 +0530 Thu, 23 Jan 2025 15:58:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3632 Long term capital gain exemption on sale of a house requires reinvestment of sale proceeds within prescribed mechanisms. Unutilised proceeds after purchasing a new property are taxable unless deposited in the Capital Gains Account Scheme for construction or invested in specified capital gain bonds within the statutory purchase window; failure to meet those timing and utilisation conditions causes the unutilised amount to be treated as taxable long term capital gain. Discussion-Forum Income Tax Thu, 08 Dec 2011 18:24:11 +0530 https://www.taxtmi.com/forum/issue?id=3632