Section 54
This query is : Resolved
18 September 2012
some one has availed housing loan of rs. 25,00,00 and purchased house property (B) for rs. 65,00,000 on 12.01.2012. He has sold another old house property (A) on 25.06.2012 and got capital gains of rs. 75,00,000. the new house (B) purchased with one year prior to the sale of old house property (A),
pl inform the cost of new house property (B) to be considered for section 54 shall be 65,00,000 or 40,00,000 (i.e cost less bank loan).
some one has availed housing loan of rs. 25,00,00 and purchased house property (B) for rs. 65,00,000 on 12.01.2012. He has sold another old house property (A) on 25.06.2012 and got capital gains of rs. 75,00,000. the new house (B) purchased with one year prior to the sale of old house property (A),
pl inform the cost of new house property (B) to be considered for section 54 shall be 65,00,000 or 40,00,000 (i.e cost less bank loan).
19 September 2012
Rs.65,00,000.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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