An Assesse is a NRI, She Had a two house Proprety in metro city, one of that was under Housing Loan for more than three years and assesse had 3 plots in municpal limit. Now she sold all the 3 plots, obviously capital gain will arise, whether she can adjust or set off against the Housing Loan, If not where she can pay the capital gain, whether in India or Contracted State.
Menu
About capital gain
Replies (2)
she cannot setoff the capital gains against the housing loan. she can invest either under 54ec in tax saving bonds or purchase a new property. as property is located in India tax need to be paid in India
THANK YOU MR.GIRIDHAR S KARANDIKAR
Recent Threads
- TDS Challan interst amount wrongly paid as surchar
- Query on TDS & Stamp Duty
- Query on form 26QB and TDS deduction
- Received this confusing IT notice. How to reply
- Houston Sign Company For Custom Signs, Banners &am
- Refund due to change in GST Rate Tobacco Products
- Lease related query can we rent out lease ?
- Planning of Ceased a Business i.e Closure of Compa
- Property value in 26QB
- Form 26QB Multiple Buyer/Multiple seller
Related Threads
CAclubindia
