Capital gains
This query is : Resolved
A NARENDRANATH REDDY
(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?
Nikhil Kaushik
(Expert)
13 August 2014
no. it cannot be adjusted for repayment of home loan...
Rupesh Jain
(Expert)
14 August 2014
loan cannot adj with caopital gain.
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