Capital Gain

shailesh (Service) (227 Points)

26 February 2020  

I earned 29 L long term capital gain on Sale of  old residential house  in 2016 and invested  the whole amount in New under construction house which has been completed and  dastavej  done in 5/2018 . Now want to sell the same house before 5/2020.

So want to know

1. What will be tax implication on capital gain i.e. Past long term capital Gain and Present short term capital Gain?

2. Can i sell it now or there is lock in period to sell ?

3. Please advice.