Regarding capital gain from selling of house property

173 views 1 replies

Dear sir, i had purchase house(flat) on 26/09/2013 of rs 630,000/- with sbi home loan of 534,000 in 27 jul 2015, i paid up the said home loan As my father retired and he gave rs 471,679/- Now my property become free and in 22/02/2017, I sell this house to my sister with same value 630,000/- I received rs.535,000/- by cheque and 95,000/- in cash of small installment. the Amount i received that i pay back to my father. now i am a salaried person and i want to file my return so how can i get rebate in income tax.? please guide me.

Replies (1)
No rebate is granted in such case.
However money received by your father is exempted as gift received from relative is exempt.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register