What is the time limit for investing in the new asset for Section 54G exemption?

Ans.  The capital gain must be used for the specified purposes within 1 year before or 3 years after the date of transfer. Capital gain that has not been utilized within 1 year before the date of transfer or on or before the due date of furnishing the return of income for the specified purposes, should be deposited in a bank under capital gain account scheme on or before the due date of furnishing return of income. ​