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Capital Gain on sale of property

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(Querist)
15 October 2020 Assessee is selling house, which has loan, after selling his house he will clear the loan, can he avail the exemption of home loan
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CA Dileep Surya Kumar

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CA Dileep Surya Kumar (Expert)
15 October 2020 No deduction for Home loan . However he can claim exemption from long term capital gains from the sale of house property by investing in new house.

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