Capital Gains from sale of property

This discussion addresses capital gains tax implications when selling a property. It clarifies the crucial timelines for reinvesting sale proceeds into a new property to potentially avoid capital gains tax, specifying purchase deadlines before or after the sale, and construction deadlines. The advice also touches upon how to calculate the tax liability, noting that net long-term capital gains are taxed at 20%, with the remainder of your gross total income taxed at your applicable slab rates.