https://www.taxtmi.com/forum/issue?id=120402 Long-term capital gain from sale of a residential house is exempt if reinvested in one residential house in India within statutory time limits, with beneficial ownership and actual enjoyment determining whether an existing property counts for the exemption. If reinvestment is not completed, the gain must be deposited in the Capital Gains Account Scheme; failure to invest or deposit by the return due date leads to denial of exemption and interest on tax due. Acquisition must occur within two years and construction within three years; substantial payment/possession or builder allotment are generally acceptable evidence. en-us Thu, 28 Aug 2025 21:20:20 +0530 Fri, 19 Dec 2025 10:33:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120402 Long-term capital gain from sale of a residential house is exempt if reinvested in one residential house in India within statutory time limits, with beneficial ownership and actual enjoyment determining whether an existing property counts for the exemption. If reinvestment is not completed, the gain must be deposited in the Capital Gains Account Scheme; failure to invest or deposit by the return due date leads to denial of exemption and interest on tax due. Acquisition must occur within two years and construction within three years; substantial payment/possession or builder allotment are generally acceptable evidence. Discussion-Forum Income Tax Thu, 28 Aug 2025 21:20:20 +0530 https://www.taxtmi.com/forum/issue?id=120402