Long Term capital Gains

WHAT IS CAPITAL GAIN FD?IST INSTALLMENT IF RETAINED IN A NORMAL BANK ACCOUNT WITHOUT ANT INVEDTMENT IS TAXABLE.

1) If such sale consideration is not utilized for buying another property within the specified time limit (3 years for construction), income to the extent of capital gain would be taxable in the PY in which the time limit is over. 2) In this case, since 3-year time limit is over in Jan 2019, capital gain would be taxable in FY19-20. 3) CG Deposit can be withdrawn now because 3 years are already over. 4) Normal FD will not be considered as CG deposit. The interest income from such FD would be taxable, as applicable.

The whole of 30 lakhs will be considered inyear 2016 for capital gain purpose.

Only capital gains (i.e. sale consideration - cost of asset) will be taxable in FY 19-20.

Entire consideration for transfer of capital asset falls within the purview of capital gains.
So such capital gains is taxable in India unless invested in capital gains account scheme.

Cost of acquisition in case of inherited property is cost to the previous owner.

https://cleartax.in/s/how-to-calculate-capital-gains-tax-on-sale-of-inherited-property