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Sale of property tax

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(Querist)
10 April 2019 Dear Sir

I have purchase a flat in the year 2012 with Rs.600000/- and now I want to sell the same at Rs.4600000/-
But the flat was mortgaged with bank ( I have taken education loan from Bank for my child)

My Query is if i pay the bank loan from profit of sale of property is taxable in my hand or not.

Please help me
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
10 April 2019 Repayment of loan will not reduce your tax liability.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
12 April 2019 Loan repayment is not reduce your capital gains burden
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