Housing loan
This query is : Resolved
25 June 2012
a salary employee take a plot and after some time he take housing loan to made a house and after 3 year he sold his old house now he want to paid housing loan from the old house sale amount.
so how can he take exemption from old house capital gain.
so how can he take exemption from old house capital gain.
25 June 2012
He is not eligible to exemption from old house capital gain. if he invest that gain amount in new house purchase than he eligible to exemption under section 54.
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