Capital gain treatment

RAKESH KUMAR BEHERA (STUDENT) (185 Points)

09 March 2016  

I have Purchased a new house in A.Y.14-15 for 15,00,000

now in A.Y.2015-16 i sold my old House for 10,00,000/-

Cost of House was 8,00,000/-(after Indexation)

Addtional Info

1.i have taken Loan of 10,00,000 for purchase of that new House mention above.

2.interest is 12%

Question is...what will be the tax treatment for this ?