Nikhil Sharma (Government Service) 23 May 2016
A person got a new house constructed in August 2015 by financing through bank loan. If he sells his old house in july 2016,he will be earning long term capital gains. He will use these capital gains income to repay the bank loan. Can he get these capital gains exempted ?
CAclubindia Online Learning offers a wide variety of online classes and video lectures for various professional courses such as CA, CS, CMA, CISA as well as various certification courses on GST, Transfer Pricing, International Taxation, Excel, Tally, FM, Ind AS and more. know more