Capital gain
This query is : Resolved
Ajay Sharma
(Querist)
16 June 2015
if flat is sold and loan is outstanding against the said flat, whether the home loan outstanding is deducted from the sale price and also which date is considered as sale date.
Nikhil Kaushik
(Expert)
17 June 2015
1. no. loan amount is not deducted.
2. the date on which the title is handed over to the buyer.
2. the date on which the title is handed over to the buyer.
Rupesh Jain
(Expert)
17 June 2015
no, loan is not deducted from the sales proceeds.
sale date is consider as date of agreement of sale
sale date is consider as date of agreement of sale
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