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loan repayment.

18 December 2018

if I am received cheque from sale of building... and used the cheque to repay my old loan... Is there any income tax compliance... plz guide me

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Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 18 December 2018

Originally posted by : Naresh Khanduri
	if I am received cheque from sale of building... and used the cheque to repay my old loan... Is there any income tax compliance... plz guide me

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 18 December 2018

No... .. .. ..

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Giridhar S Karandikar (Team Lead) (7548 Points)
Replied 19 December 2018

you first need to calculate your CG tax liability . that much amount you need to either invest or pay tax. balance consideration is fully utilizable without any limits.