Exemption u/s 54
This query is : Resolved
PRAVIN KOKAM
(Querist)
17 December 2012
Dear Sir,
My query is as follows;
Capital gain on residential house property = Rs. 5,00,0000/-
I have purchased new house = Rs. 15,00,000/- of which I have taken Rs. 13,00,000/- loan from Financial Institutions.
I wanted to know can i get exemption of Rs. 15,00,000/- or Rs. 2,00,000/- (after deduction loan amount) against my capital gain of Rs. 5,00,000/-
My query is as follows;
Capital gain on residential house property = Rs. 5,00,0000/-
I have purchased new house = Rs. 15,00,000/- of which I have taken Rs. 13,00,000/- loan from Financial Institutions.
I wanted to know can i get exemption of Rs. 15,00,000/- or Rs. 2,00,000/- (after deduction loan amount) against my capital gain of Rs. 5,00,000/-
17 December 2012
You can get exemption of rs 500000/-
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