Capital Gains

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Jairam (Querist)
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20 June 2011 Mr X has sold his flat for a consideration of Rs 50 lacs. Before transfer of the flat, he repaid bank loan on the same of Rs 10 lacs. Does Rs 10 lacs deductible as Expenses on transfer?

CA MANOJ GUPTA

CA MANOJ GUPTA (Expert)
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20 June 2011 no payment of bank loan is a personal liab

CA MANOJ GUPTA
JODHPUR
09828510543

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