Mr. A has sold property residential house on 13/01/2023 at Rs. 4950000 which was purchased on 08/01/2008 at Rs. 150000, New agreement was entered with a builder on 20/10/2021 regarding Construction of new Flat amounting to Rs. 7332492, the new construction is under subvention scheme where bank is making the payment and i have to repay the bank by Sept 2023 Rs. 3000000, Builder will Complete the Construction and Handover the possession by 30 june 2026, Can i claim the Deduction under income tax act against capital gain incurred on sale of old house property
CAclubindia
