Many people believe once the financial year ends, tax-saving options are over. But that’s not always true. With proper planning, you can still reduce or even eliminate your tax liability.
Take Ramesh, a property owner from Hyderabad. He sold his house in May 2024 and made a profit of ₹50 lakh. He thought he had no choice but to pay over ₹10 lakh in capital gains tax.
However, using the Capital Gains Account Scheme (CGAS), Ramesh deposited his gains before the September 15, 2025 deadline. This simple step gave him two years to buy another property or three years to construct one. By doing so, his tax liability dropped from ₹10.40 lakh to zero.
Sections 54 and 54F of the Income Tax Act allow such exemptions if capital gains are reinvested. If reinvestment is not immediate, parking the money in CGAS protects the exemption.
The lesson is clear: Don’t rush. With smart use of legal provisions, you can save lakhs and still have time to make the right investment choice.
