Exemption u/s 54f
This query is : Resolved
13 February 2019
I have bought a flat 2 years back and currently paying housing loan on the same. I want to sell my shop and from the money received will repay the loan of my flat which was bought 2 years back. In this situation would I have to pay any Capital gain tax or will get exemption u/s 54F?
13 February 2019
Have to pay capital gains tax on shop room sales.
14 February 2019
repaying loan does not amount to investing in flat.
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