Capital Gain

IF RESIDENTIAL HOUSE IS TRANSFERRED, A NEW RESIDENTIAL HOUSE HAS TO BE PURCHASED WITH IN ONE BEFORE OR TWO YEARS AFTER THE DATE OF TRANSFER . IF SUCH REINVESTMENT IN NEW ASSETS IS NOT MADE BEFORE  THE  DATE OF FURNISHING RETURN UNDER SEC 139(1), THEN THE AMOUNT SHOULD BE DEPOSITED IN TO CAPITAL GAINS ACCOUNTS SCHEME. THE DEPOSIT SHALL BE MADE IN AN ACCOUNT APPROVED FOR THE PURPOSE.

If you have sold residential house then the explanation given by shehashree is true but if u have sold any other long term capital asset than u can invest the amount of capital gain in the bonds of NHAI and REC within six months from the date of transfer.

If you have sold residential house then the explanation given by shehashree is true but if u have sold any other long term capital asset than u can invest the amount of capital gain in the bonds of NHAI and REC within six months from the date of transfer.

A capital gain is a profit that results from investments into a capital asset, such as stocks, bonds or real estate, which exceeds the purchase price. It is the difference between a higher selling price and a lower purchase price, resulting in a financial gain for the seller.^[1] Conversely, a capital loss arises if the proceeds from the sale of a capital asset are less than the purchase price.

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