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Long term capital gain n sale of property

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(Querist)
20 July 2017 Dear Experts,

We have sold a property worth Rs 30,00,000 and are looking for a new property to invest this consideration. But, till we get a new property, can we invest this amount in Liquid funds (Mutual Funds).

Thanks
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
22 July 2017 There is no restriction that you should not invest the sales consideration in Liquid funds.

If you could not finalize a property before the year ends, shift the funds to Capital gains deposit scheme to save capital gains tax
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