Kapadia ji thanks for reply
if gap is less than one year ,the benefits of capital gain can be availed. I think also in case repayment of housing loan in respect of purchase in June 2019 .m I right ? this benefit is in addition to investment in CG bonds
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Capital gains
Quick Summary
Repayment of housing loan is independent matter and has nothing to do with sale of ancestral property.
Like normal housing loan deductions under 24(2) and 80C you continue to receive on residential flat bought.
Like normal housing loan deductions under 24(2) and 80C you continue to receive on residential flat bought.
Kapadia ji ,how can take benefits of capita gains for building purchased within last one year . In other words capital gain has been utilized for repayment of housing loan that had been taken for purchasing the building prior to sale of ancestral land. All activities are completed within one year of purchase of building.
That's what Income Tax Section provides for. There is nothing to worry for. You absolutely get Deduction
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Invest in Ccapital gains bond.
sec 54EC
Invest in Ccapital gains bond.
sec 54EC
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