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Capital Gains

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(Querist)
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?
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CA MANOJ GUPTA

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

CA MANOJ GUPTA
JODHPUR
09828510543
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