I have 2 bhk house which I bought in 2012 for 34 lakhs with a home loan of 32 lakhs and after registery work n with little renovation it cost me 38 lakhs. Till date I paid interest of my loan is 11.3 lakhs and now I'm selling it in 49lakhs. Buyer will close my home loan of 30 lakhs approx and rest of the money, he will transfer in my bank account. My query is, how much tax will be imposed by government on my transaction after indexing and how can I minimise it ...
CAclubindia
