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Capital gain on property sale

This query is : Resolved 
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(Querist)
15 August 2020 Dear Sir

In order to save capital gain tax on sale of residential property, do we need to reinvest entire sales consideration or only the capital gain amount of the sale value to buy another already constructed residential property within 2 years of sale. Pl advise. Thanks..
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CA KARAN SINGH

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CA KARAN SINGH (Expert)
15 August 2020 Only Capital gain needs to be invested to take exemption.
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Rajinder Kapoor

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Rajinder Kapoor (Querist)
16 August 2020 Thank you Sir for your quick response and guidance on Capital Gain subject.
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CA KARAN SINGH

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CA KARAN SINGH (Expert)
16 August 2020 Most Welcome. I am glad to help you.
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