Income tax on immovable property

Sirs, I want purchase one new  house by selling my old house. As I am not getting good price for my old house, I want to go for housing loan and buy newn house and later when the good price comes for old house, I want to repay the housing loan. In this case can I get the capital gains benift or not 

 

Replies (4)

Yes, you can get benefit u/s. 54 only if the old house property is sold within one year of purchase of new one.

yes you can take the benefit u/s 54 for capital gain exemption and for interest on home loan u/s 24(b)
Thank you Dhirajlal Rambia Sir and Pushp Kumar Sahu Sir
you are most welcome 😊😊

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