Capital Gain calculation

Share This Thread
  1. nagsbavs

    nagsbavs New Member

    Dear Experts
    Request your clarification:
    I had a property gifted from my parents. I had taken a mortgage loan on that property [16L].
    Recently I had sold that property to [37L]. I used 16L from this property sale to release the document from the mortgage loan. Can I include this mortgage loan amount for calculating the capital gain?

    Thanks in advance.
Draft saved Draft deleted
Similar Threads Forum Date
Capital Gains and TDS for Non-Resident (US Permanent Resident) Income Tax Yesterday at 3:14 PM
Capital Gain Exemption Income Tax Thursday at 4:56 PM
TAX ON CAPITAL GAIN Income Tax Nov 29, 2017
Whether the nexus between capital gain and amount of investment u/s 54 is necessary? Income Tax Nov 27, 2017
How to save tax on long term Capital gains Income Tax Nov 24, 2017