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With so many investment possibilities in the market, getting capital gains has become easy. Also, if you reinvest smartly, the tax that incurs on capital gains can be reduced, making sure adequate savings.

In case you don’t wish to buy another property immediately, you can even now save tax on the capital gains. All you need to do is to deposit the gains in the administrative centre Gains Accounts System (CGAS) in any of the general public sector banking institutions, and you will keep carefully the money right now there for 2-3 3 years. By the finish of the period however, you want to ensure that the amount of money is invested in a house, as otherwise it'll be treated as a capital gain and you will have to pay the tax on it. If you're buying a ready-made real estate the investment must be done within 2 years, but if you choose an under-construction property then you get a time frame of 3 years to make the purchase.

You can also invest your long term capital gains in bonds of Rural Electrification Corporation Limited and the National Highways Expert of India for three years. However, please note that you could invest maximum Rs. 50 lakhs in these bonds in a economic year

You can purchase a new house from increases in size of the transaction, so you won’t need to pay any tax. However, you will have to buy a fresh house prior to the filing of your earnings tax within that 12 months itself.