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Investing property sale proceeds

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(Querist)
26 July 2012 Assuming I purchase residential property within 3 yrs after sale -
Can I invest the money in Equity / Debt funds or similar instruments, before the 3 yr period expires?

Thanks,
Kapil
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Amol S Joglekar

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Amol S Joglekar (Expert)
26 July 2012 For purchase I think the period is 2 years and not 3 years. Anyway you can use the money elsewhere... no problem... SUBJECT to however the capital gain account scheme.
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