Capital gain on sale of flat
This query is : Resolved
12 June 2014
if flat sold within 2 year of purchase. Tax deduction taken for Interest and principal.
Amount received not invested in new property what will be tax implication?
Amount received not invested in new property what will be tax implication?
12 June 2014
amount taken as deduction earlier now will be taxable and the capital gain earlier exempted will be taxable.
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