Capital gain
This query is : Resolved
JYOTI HODAWADEKAR
(Querist)
30 November 2011
what is the tax impact under capital gain tax if land (non-agricultural)is sold and sale proceeds are used for repayment of outstanding housing loan dues taken towards acquisition of flat.
whether taxable or any exemption u/s 54?
Please clarify..
whether taxable or any exemption u/s 54?
Please clarify..
Dintakurthi Tirumala
(Expert)
30 November 2011
I think 54 exemption not possible because it available to purchase any house property but not for repayment of hosing loan.
I am not sure above my answer please wait for other experts decision.
OM SAI SRI SAI JAI JAI SAI
I am not sure above my answer please wait for other experts decision.
OM SAI SRI SAI JAI JAI SAI
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