Long term capital gain

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 January 2015 Dear All

Kindly guide me for the following case

1. I have LTCG of Rs 260. lakhs and i booked flat for rs 220 lakhs and i am in the plan of going for a housing loan for this flat.

Guide me whether can i get the benefit of both LTCG and housing loan.

Regards
B Vajravelu

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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16 January 2015 yes both benefit allowed at a time and the balance of 40 lakhs (260-220) you can invest in 54EC bond within 6 months of transfer of such asset.

Rupesh Jain

Rupesh Jain (Expert)
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16 January 2015 you can invest the gain u/s 54EC in bonds and bal. of property amount you take loan.

Rupesh Jain

Rupesh Jain (Expert)
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16 January 2015 you can invest the gain u/s 54EC in bonds and bal. of property amount you take loan.

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