Property puchased on 13/03/2013 at rs.20,00,000/- sold on 19/03/2016 at rs.21,50,000/- and dont want to purchase or construct house then on what amount capital gain tax will have to pay and 80c deduction taken for principle amount paid for housing loan what will be treatment.
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Property sale before 5 years
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Sale Consideration - Index Cost of Acuistion = Capital Gain You Have To Pay Capital Gain on This And Whatever Deduction Claim Under Section 80C You Have To Add Back As deemed Income
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