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
Yes, you can get benefit u/s. 54 only if the old house property is sold within one year of purchase of new one.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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