Hello. I am selling a property in bought in 2013 (more than 3 years old). I am getting a capital gain of roughly 3,50,000 from the sale.
If i use the gain to repay my other housing loan (which i have bought in 2005), will tax be excempted? If no, how much CGT am i liable to pay?
|
Hello. I am selling a property in bought in 2013 (more than 3 years old). I am getting a capital gain of roughly 3,50,000 from the sale. If i use the gain to repay my other housing loan (which i have bought in 2005), will tax be excempted? If no, how much CGT am i liable to pay? |
||
No.
At 20%.... around 70,000/-
R P S K & Associates
Nashik
CA Inter
View Details
CAclubindia
