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loan repayment.

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if I am received cheque from sale of building... and used the cheque to repay my old loan... Is there any income tax compliance... plz guide me
Replies (3)
Originally posted by : Naresh Khanduri
if I am received cheque from sale of building... and used the cheque to repay my old loan... Is there any income tax compliance... plz guide me

No

No... .. .. ..
you first need to calculate your CG tax liability . that much amount you need to either invest or pay tax. balance consideration is fully utilizable without any limits.


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