Capital Gain exemption 54F

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others
126 Points Posted on 09 February 2022

Dear friends,

Will you please  guide me whether paying the loan amount for any House Property bought 5 years back shall be qualify for54F expemtion

also one more query what is interest rate on Capital Gain account scheme.

 

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On 09 February 2022 at 11:49 Report
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Quick Summary
This discussion clarifies that repaying a loan taken out for a house purchase more than five years ago does not qualify for the Section 54F Capital Gains exemption. It also notes that the interest rate for the Capital Gains Account Scheme is typically the same as a savings account.

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SEO Sai Gr. Hosp.
212556 Points Posted on 09 February 2022

1. No. Will not qualify for exemption u/s. 54F.

2. Same as savings account...

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On 09 February 2022 at 13:24
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Profession
28271 Points Posted on 09 February 2022
Repayment of loan is not a pre-condition for sec 54 f
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On 09 February 2022 at 17:47

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