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Sale of property for repayment of loan

This query is : Resolved 
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(Querist)
18 July 2024 Hi Everyone,

In February 2024, I sold my property and used the proceeds to repay a loan taken by my company (CC limit), my company is Pvt Ltd. Given this specific scenario, I would like to understand if there are any deductions or exemptions available that could be applied to the capital gains arising from this sale.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
18 July 2024 No deduction can be claimed against capital gain, in this scenario.
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