Capital Gain exemption 54F

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.

 

Replies (2)
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.

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

2. Same as savings account...

Repayment of loan is not a pre-condition for sec 54 f

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