will housing loan taken for purchase of house will be included for cost Of acquisition .
my cLient has sold the house.
while calculating long term capital gains cost of acquisition
includes housing loan .
Housing loan is not included in cost of acquisition and you have to take only the purchase price of house after applying indexation as a cost of acquisition. You can claim deduction of principal paid of loan in 80C and interest paid of loan in 24(b).
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