Taxability on amount withdrawn from capital gain account scheme

Harshad (Student) (33 Points)

20 October 2021  

I sold a residential property on 13th December 2019 and deposited the capital gain in CGAS. Whether the entire capital gain will be taxable if i make booking of an appartment by depositing very nominal amount. Or i need to utilise entire capital gain proceeds before 12th December 2021 to get exemption from capital gains tax?