30 December 2011
my assessee purchased residential house property in 1998 @ Rs. 13,00,000. now he sold such a property in 2008 @ Rs. 32 lacs and he purchased nwe residential house property of Rs. 36 Lacs for that he availed loan from bank of Rs.26 Lacs. now can he claim deduction u/s 54 against gain though he invest only 10 lacs by his own and 26 lacs from bank as a loan
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