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Capital gains

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(Querist)
13 August 2014 Query regarding capital gains that one of the client sold his residential property if Rs 49 laks in 2014-15 financial year.,he purchased the same in 2006-07 financial year for Rs12 lakhs I client took a loan for construction of residence purpose,actual loan amount 18 lakhs but disburse only 10 lakhs remaining yet tobe disbursed can we adjust loan amount to long term capital gains. or can we adjust remaining 8 lakhs. to long term capital gains. what is the solution?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
13 August 2014 no. it cannot be adjusted for repayment of home loan...
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Rupesh Jain

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Rupesh Jain (Expert)
14 August 2014 loan cannot adj with caopital gain.
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