I sold my 10 yrs old property , my LTCG was around 8 lacs . Current my home loan is 16 lacks and topup loan 4.5 lacks on same property. Can i adjust my LTCG against Home loan. The property was 4 yrs old.
SANJAY (MANAGER) (67 Points)
29 March 2011I sold my 10 yrs old property , my LTCG was around 8 lacs . Current my home loan is 16 lacks and topup loan 4.5 lacks on same property. Can i adjust my LTCG against Home loan. The property was 4 yrs old.
Pankaj Arora
(Learner)
(3134 Points)
Replied 29 March 2011
LTCG from house property can never adjust against home loan………….
srinivass
(CA Final)
(2466 Points)
Replied 06 June 2011
no ti is not eligible to adjust with housing loan,
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