Capital gain problem

Fenil Gupta (Student) (55 Points)

03 February 2014  

My client has sold his house at 50 Lacs and now at this current year he has purchased new house on which bank has granted a loan of 25 lac for which 16 lacs is paid till 31/03/2013 and there after 9 lacs are still pending, becoz for builders there is some stage wise payment criteria as per the completion of the building.The 50 lacs reciept from the old house is utilized some other way.

The question is that whether what amount can I claim for Sec 54....?