Property gain tax
This query is : Resolved
24 May 2015
In order to save property gain tax can i pay my home loan from the income from the flat i have sold out.
25 May 2015
You can pay, but that wont be helpful for the purpose of capital gain tax u/s 54, you need to buy a new residential property or you need to invest the same u/s 54EC i.e. rec bonds or nhai bonds
29 May 2015
you have to buy new property from sales proceeds, for loan repayment is not help you to save the capital gain
29 May 2015
agreed with atit shah's reply........
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Need help on Minimising Tax on Capital Gains
- TDS applicable invoice date or payment Date Which is important
- Death gratuity, leave encashment, GPF etc
- Aggregate Turnover
- Delay in Processing of return
- Diff between "total amount paid" and "amount on which TDS to be deducted" in 26QB.
- Investment for maturing bank deposits for a retired 66 year old person
- ERROR WHILE FILING UPDATED RETURN IN OLD TAX REGIME
- GST on Old Vehicle
- Amount received in account which was given to sons as gift
- IMPORT AND EXPORT OF SERVICE
- Guidance Required on Raising Sale Invoice & E-Way Bill for Machines Already at Customer Premises
- Money returned by sons given as gift
- Payment of Bonus Act 1965 applicable in WB
- When a company gifts a new car to its employee.
- Regarding Remuneration Limit for FY 2025-26
- GST on Tobacco - as per new notification
- Clearing forwarding reimbursement party account
- Cant amend a 26QB
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
Trending Online Classes
CAclubindia
