Tax on long-term capital gain

11 July 2018
Dear Experts, I have purchased a house in August 2016 , cost of house was 22 purchase house loan of 17 lacs taken by me from OBC. I have sale out a plot in February 2018 ,sale amount is 12 lacs which was purchased by me in 2010.purchased amount was 5 lacs. I have deposited 12 lacs rupees for my home loan which I got after selling a plot. My query is that I have to pay any tax or not for long term capital gain. Thanks and regards Raj


Click to Talk 11 July 2018
You have to pay tax on long term capital gains as purchase and sale gap is more than one year.

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