banner_ad

Capital gains

This query is : Resolved 
Profile Image

Profile Image

(Querist)
30 July 2017 I purchased a flat in 2007 for Rs 14,000,00 taking home loan. Due to circumstances I have to sell it next month for Rs 44,000,00. I just want to know what is my capital gain and how much I have to reinvest for another property to avoid tax/loss? Can I use the amount to reduce my home loan in my new property?Pl help me with details.
Gopalkrishnan
Profile Image

K Srinivas, CMA CS

Profile Image

K Srinivas, CMA CS (Expert)
30 July 2017 Your Longterm capital gains is Rs.14,48,500/-. You have to invest a minimum of Rs.14,48,500 to avoid Capital gains
Profile Image

K Srinivas, CMA CS

Profile Image

K Srinivas, CMA CS (Expert)
30 July 2017 Need more information about your query regarding using this Gains in adjusting your home loan
Profile Image

Gopalakrishnan

Profile Image

Gopalakrishnan (Querist)
31 July 2017 Thank you for the prompt reply which is very useful .
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details