Dear Sir,
I have recently sold a Inherited house after the death of my father.
Previously, I have purchased two houses one two years back and another 4 years back. I have taken loan on purchase of both the houses.
The one I am residing in and the other one is on Rent.
I want to know can I repay the loan from the capital gains of my Inherited property.
could you elaborate the question... your intention was not clear
My question is I have sold my Ancestral house in Jan.2018.
Can I use the capital gain to repay the Loan taken for house purchased in Jan'2014 and Mar'2016.
yes .............
BHUPINDER SHAH AND COMPANY
New Delhi
CA Inter
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Gowra Ventures Pvt Ltd
Hyderabad
CA
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CAclubindia
