Capital gain tax on sale of house property
This query is : Resolved
06 February 2015
1. I had booked a flat and buyers agreement with builder was signed on 4th August 2011. The flat is still under construction and possession is still not given by builder. Can I sell it and get the long term capital gain benefit.
2. I have also purchased a new house recently after taking loan from Bank. Can I repay partial loan with the premium received from sale of my flat ,if I sell flat mentioned in Sl.no 1 and get the benefit on capital gain.
2. I have also purchased a new house recently after taking loan from Bank. Can I repay partial loan with the premium received from sale of my flat ,if I sell flat mentioned in Sl.no 1 and get the benefit on capital gain.
13 February 2015
can any body please clarify this point
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