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Capital gains

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(Querist)
07 March 2020 sir,
I have constructed a house in 2017-18 by taking bank loan.In ay 20-21 I sold another property with capital gain of 20Lac.If I repay loan taken to construct my house, can I get exemption from capital gain instead of investing in second home. Please clarify
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
08 March 2020 No you can't get exemption as construction happen before sale of house

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