Capital gain
This query is : Resolved
14 August 2016
Dear experts
I took a loan for the acquisition of capital asset I.e. house, After 4 years I want to transfer it. My question is that weather principal amount and interest on such above loan are required to be deuctable in computing capital gain under section 48. If the principal amount is say rs. 600000 and interest amount is rs.200000
I took a loan for the acquisition of capital asset I.e. house, After 4 years I want to transfer it. My question is that weather principal amount and interest on such above loan are required to be deuctable in computing capital gain under section 48. If the principal amount is say rs. 600000 and interest amount is rs.200000
14 August 2016
Whatever the amount paid during the year subject to maximum allowable u/s 24 or u/s 80C can be deducted.
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