16 November 2011
I purchased a home of Rs 18 lacs in Gwalior by taking a home loan of Rs 14.5 lacs on 27/03/2011. I also sold my own another house of Rs. 14 lacs in 10/07/2011 which was purchased by me in 2004 of Rs. 5 lacs. I fefunded 7.5 lacs to home loan which was taken by me to purchase above said new home. Please suggest me that in this case what will be my income tax.