Best way to park cash earned from selling real estate for a year

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I have recently sold a property bought booked in 2017 and handed over in 2022 . I have around 10 lakhs of capital gains without considering indexation . i plan to buy another property within 2 years with the cash received from the sale . Meanwhile , what is the best way to park this cash and avoid/reduce any further income tax earned from the returns of this cash amount . I am salaried employee and the interest amount will be taxable for me . Is it recommended to have it Fixed in a bank through my parents who are senior citizens ? I do however need it back while buying another property in the next 2 years 

Replies (6)
You can deposit the sum in Capital Gain Deposit Scheme and utilised it in 2 years and if you are planning to buy residential property you will also get exemption u/s 54F

But the interest earned on it in a CGDS account will be taxable as per income tax slab. Is there a better option ?

But Capital Gain earned will be exempted also.
I agree with CA Rashmi gandhi
And if I talk about interest you can also claim deduction u/s 80TTA.
Though interest will be earned less
Why you are reply so erroneously on each post
@ sabyasachi mukherjee.

Just behave like CMA

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