Housing property

Rajesh (Querist) 21 November 2013 This query is : Resolved
Housing Property purchased in 2009 is sold in 2013 and inflation indexed capital gain is invested in bigger house with additional funds arranged by way of housing loan.

I have another housing property purchased in 2007, which also i have sold now. Can i claim for capital gain benefits from sell of this property by way of clearing my housing loan taken for bigger house as it is not a directly investment in my already purchased bigger house.

Follow Query

Report Abuse

ajay sethi (Expert) 21 November 2013
consult your CA

Rajendra K Goyal (Expert) 21 November 2013
Consult your tax consultant.

C. P. CHUGH (Expert) 28 November 2013
In case total investment on bigger house is greater than the combined longterm capital gain from sale of first house and second house, deductions shall be available.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Housing property

Similar Resolved Queries :