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Long term capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 January 2015 Dear All

Kindly guide me for the following case

1. I have LTCG of Rs 260. lakhs and i booked flat for rs 220 lakhs and i am in the plan of going for a housing loan for this flat.

Guide me whether can i get the benefit of both LTCG and housing loan.

Regards
B Vajravelu
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
16 January 2015 yes both benefit allowed at a time and the balance of 40 lakhs (260-220) you can invest in 54EC bond within 6 months of transfer of such asset.
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Rupesh Jain

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Rupesh Jain (Expert)
16 January 2015 you can invest the gain u/s 54EC in bonds and bal. of property amount you take loan.
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Rupesh Jain

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Rupesh Jain (Expert)
16 January 2015 you can invest the gain u/s 54EC in bonds and bal. of property amount you take loan.

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