Capital gain on sale of residential property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 March 2014
I have two residential flats, on one of the flat a housing loan is going on since last three years, if i sell the flat on which there is no housing loan, can i repay my housing loan out of sale realization of that flat and get set off against the capital gain on sale of flat.
Kindly advise.
Kindly advise.
21 March 2014
Capital gain exemption can't be availed through the above said proposal.
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