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Property gain tax

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(Querist)
24 May 2015 In order to save property gain tax can i pay my home loan from the income from the flat i have sold out.
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Atit Shah

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Atit Shah (Expert)
25 May 2015 You can pay, but that wont be helpful for the purpose of capital gain tax u/s 54, you need to buy a new residential property or you need to invest the same u/s 54EC i.e. rec bonds or nhai bonds
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Rupesh Jain

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Rupesh Jain (Expert)
29 May 2015 you have to buy new property from sales proceeds, for loan repayment is not help you to save the capital gain



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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
29 May 2015 agreed with atit shah's reply........

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