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Capital gain

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(Querist)
14 August 2016 Dear experts
I took a loan for the acquisition of capital asset I.e. house, After 4 years I want to transfer it. My question is that weather principal amount and interest on such above loan are required to be deuctable in computing capital gain under section 48. If the principal amount is say rs. 600000 and interest amount is rs.200000
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CA CMA CS Ram Pavan Kumar Melam

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CA CMA CS Ram Pavan Kumar Melam (Expert)
14 August 2016 Whatever the amount paid during the year subject to maximum allowable u/s 24 or u/s 80C can be deducted.
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