Ltcg indexed cost of acq claim?????????
Querist : Anonymous
less: index cost of acquisiton
300000 * 852/199 12,84,000
less: index cost of improvement
400000*852/426 8,00,000
long term capital gains 24,16,000
so this ltcg is to be invested in new residential flat of cost 24,16,000 to claim sec 54....
now ma question is----- the indexation benefit of nearly 20,00,000 -can it be used to pay housing loan o/s settlement value of
19,00,000.... can it be used ... please tell me
If you are repaying housing loan then it will be counted in it but the remaining money will chargeable to ltcg tax...
Querist : Anonymous
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