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EXEMPTION ON CAPITAL GAIN UNDER SECTION 54F

This query is : Resolved 
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(Querist)
29 January 2025 If I sell a plot, can I use the capital gains amount to pay off the home loan on an existing house and get an exemption under Section 54F of the Income Tax Act, 1961?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
30 January 2025 When was the house purchased?
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sameer joshi

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sameer joshi (Querist)
30 January 2025 Sir it was purchased in the F.y 2020-21.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
30 January 2025 no. repayment of home loan would not get you deduction in this case.
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