Dear Sir
Can close my business loan using capital gain [LTCG] amount for avoiding income tax on LTCG ?
Regards
Praveen
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178312 Points)
Replied 18 August 2021
No such exemption available in the act. Though you can utilize the money, the way you desire, but tax liability remains intact...
praveen
(Accountant)
(43 Points)
Replied 18 August 2021
Thank You Sir for the valuable advise
Regards
Praveen
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