Subject : Property sale , and the Long Term capital gains.
Propery sold date : Oct 2022.
Long term capital gains on property sale : 1.5 CR
1. Can I deposit the capital gains money in FD for few months, before ITR filing date? I intend to buy another property before ITR date in July 2023, and hence do not want to open Capital Gains Account Scheme yet, as I may have to use the funds very soon.
2. Can I buy two properties or one using this capital gains?
3. Do I need to pay advance tax instalment in quarter end in Dec 2022, even though I intend to purchase another property to save capital gains?