Section 54 exemption on repayment on loan
This query is : Resolved
28 September 2016
I purchased a new house on the financial year 2015-16 on loan and in the same year sell some property which is for more than 3 years old. Whole capital gain on the properties used for repayment of loan for new house. Whether in that case Capital gain exemption avail or not?
28 September 2016
Yes capital gain exemption available for repayment of loan for new house.
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