Capital gain
This query is : Resolved
ARVIND .D.KATARIA
(Querist)
06 December 2012
I having three residential flat in mumbai First Flat fully on my name Purchase on year 2002 & Second Flat jointly with my Husband Purchase on year 2000 & Third Flat Jointly with my Husband & Son On August 2011 Now If I Sale My Flat Flat which in Fully My Name & I Will Purchase Another Flat Jointlt Husband & Son , Can Get The Deduction of Interest On New Flat Housing Loan & Can I Get The Long Term Capital Gain Exempt U/S 54
Pankaj Gupta
(Expert)
06 December 2012
deduction u/s 54 can be claimed upto your share in the new flat. and full intetest paid by you will be allowed to you.
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