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