The Economic Times

Should I invest in a residential unit, a commercial shop, or an office to get capital gains tax exemption on a property that I sold?

ET Wealth Reader's Query: I am a 76-year-old Indian resident planning to sell a 37-year-old 3-guntha plot located within municipal corporation limits. The sale price has appreciated nearly 17 times over the original purchase price. To save on capital gains tax, can I reinvest the proceeds in a residential unit, a commercial shop, or a commercial office?