Menu
Bank loan
if I had taken Housing loan of Rs.20lakh To buy house of Rs 30lakh..i have to pay mortage H. Loan in 120 Emi Quee
Am i Sale House aftr 2 yrs???
Replies (5)
your ques. is not clear, please elaborate. as far as i have understood i can only reply that u can sell your house after 2 yrs but any gain will be chargeable as short term capital gain and accordingly taxed.
above answer will apply if your house is not mortgaged against your housing loan. if mortgaged then u can sell your house unless you repay your loan.
plss correct on above answer... "cant sell"
U can't sell ur house unless u repaid ur loan...but if u sell ur house after repayment in 2 year from the date of purchase then short term capital gain is attracted..
Pre payemnt penalty of h.loan???
how much?
Recent Topics :
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
Related Topics :
CAclubindia
