For capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 October 2015
Mr x purchase house on loan and pay installment. After 2 year he is not able to pay other installment and remaining installment not paid by Mr X. So, in the given case any capital gain arise on Mr X?
16 October 2015
if the house is sold by the loan giver (say bank), then capital gain will arise. If the period of holding id less than 3 years, it will be short term capital gain.
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