I have sold a piece of land @ 15lacs to purchase a new house. Is this amount tax

[davis]

The remaining amount of the capital gain as per the number 4 in the points when capital gain is more than buying a new house, then the balance amount should be deposited in the banks under capital gain head. And if it is not deposited in the banks then the amount of capital gain will be taxable in the previous year as long term capital gain.
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