Prepayment of housing loan from capital gains
This query is : Resolved
C Shanti Kumar
(Querist)
20 December 2010
Hello,
I have purchased a flat by taking home loan from lic housing, jointly with my NRI son. Now I wish to sale my another house in a year or two or after 5 years. Can I prepay the housing loan from the proceeds of sale of my old house, saving longterm capital gains.
Shanti Kumar
Hyderabad
94904609285
I have purchased a flat by taking home loan from lic housing, jointly with my NRI son. Now I wish to sale my another house in a year or two or after 5 years. Can I prepay the housing loan from the proceeds of sale of my old house, saving longterm capital gains.
Shanti Kumar
Hyderabad
94904609285
Aditya Maheshwari
(Expert)
20 December 2010
Only if old house sold within one year.
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