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Capital gain exemption

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 August 2018 A person purchase a resential flat for Rs 75,00,000/- in 2007 & sold the flat in 2017 for 1,20,00,000/- and purchased a new house for Rs 2,11,00,000/- in 2017 with housing loan of Rs 1,70,00,000/- besides this he already has another house purchase 20 years back. is the person elgibile for capital gain exemption??
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
15 August 2018 he is eligible for the exemption....
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