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EXEMPTION ON CAPITAL GAIN UNDER SECTION 54F

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sameer joshi

sameer joshi (Querist)
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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?

Dhirajlal Rambhia

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

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sameer joshi

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

Nikhil Kaushik

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

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