Capital gain
This query is : Resolved
Mallika Shah
(Querist)
14 April 2015
does borrowed funds (i.e. housing loans)make difference in exemption of section 54?
CA PARAS BAFNA
(Expert)
14 April 2015
The query is not clear.
.
The amount of capital gains only is required to be invested for exemption U/s 54. Exemption will still be available, if additional funds have been availed through housing loan.
.
.
The amount of capital gains only is required to be invested for exemption U/s 54. Exemption will still be available, if additional funds have been availed through housing loan.
.
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Mallika Shah
(Querist)
22 April 2015
my question is..does housing loan makes difference in exemption under section 54?
CA PARAS BAFNA
(Expert)
23 April 2015
The reply still remains the same.
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