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Housing loan

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(Querist)
25 June 2012 a salary employee take a plot and after some time he take housing loan to made a house and after 3 year he sold his old house now he want to paid housing loan from the old house sale amount.
so how can he take exemption from old house capital gain.
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prateek aanchalia

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prateek aanchalia (Expert)
25 June 2012 He is not eligible to exemption from old house capital gain. if he invest that gain amount in new house purchase than he eligible to exemption under section 54.
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