I bought a house in April 2007 worth INR 8.2 lakhs and spent another 30000 on registration charges etc etc. Bank loan taken is 6.4 lakhs and INTEREST paid till date is 2.0 lakhs and Pre EMI of 38000
Planning to sell the house at 15-16 lakhs
Request to update me about capital gain on the same.
30 August 2010
In this traansaction there is long term capital gain your cost of acquisation is 8.50 which would be indexised As far as Loan is concerned there is no relationship with Capital Gain
CAclubindia
