Hi,
I prchased a house in August 2006 by home loan.Statrted taking tax benifit from FY 2006-2007. I come to know that if i sell it before 5 years , 80c rebate will be reverted.
Now my question is . How to calculate this 5 year period?
5 years will be completed in Aug 2011. So shall i sell it after aug 2011 or i need to wait until the end of financial year 2011-2012 i.e. until march 2012.
Please advise.
Thanks
CAclubindia
