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capital gain tax
by madhura gogate on Jul 02, 2011 01:00 PM

am selling my flat for 15.50 lac , which was purchased in 2005.

The cost was 5,25,000/- , was having ICICI home loan and paid amount with interest of Rs. 2,00,000/- in 6 years

I had purchased resale flat with loan of 19,00,000/- in Aug 2009.

Now if I selling that old flat, if any taxes to be paid on profit amount.?

I want to minimise my existing loan from this amount?

Pl guide me which is better option.?

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Your home and capital gains