Tax Benefit for Repayment of Housing Loan

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  1. Dhananjay Gulwade

    Dhananjay Gulwade New Member

    Respected Sir / Madam,

    As on Today i am having 4 Nos. of Residential House Property ( Flats ). Before 6 Months i had purchase New Flat & acquired Housing Loan from Nationalized Bank. Out of said flats i want to sale one of the Flat purchase in the year 2010 & want to clear Housing Loan from sale amount which will be received within 1 month to have Capital Gain Tax Exemption.

    Please Guide me about the same. Can i this transaction will help me to save long term capital gain tax amount. ?

  2. Yatin Gandhi

    Yatin Gandhi Active Member

    There is no exemption in the income tax act for repayment of housing loan
  3. Dhananjay Gulwade

    Dhananjay Gulwade New Member

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