Capital Gain calculation

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  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.
    Nagarajan
     
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