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Capital gain tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 July 2012 sir,Iam planing to sell my house in mumbai for about rs 6500000 which i purchase at 750000 in 2002.I got another house which is having a housing loan of 1300000.Can i repay the loan to get the benefit of capital gain tax.thanks
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Amol S Joglekar

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Amol S Joglekar (Expert)
26 July 2012 No. Repayment of loan has no bearing on deduction / exemption under capital gain.
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