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  • Do I need to repay my home loan to claim a long-term capital gains exemption?

Do I need to repay my home loan to claim a long-term capital gains exemption?

Do I need to repay my home loan to claim a long-term capital gains exemption? | Mint
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Do I need to repay my home loan to claim a long-term capital gains exemption? | Mint

TheSpuzz Desk4 months ago04 mins

Source: Live Mint I purchased a flat worth ₹50,00,000 on 15/4/2024, against which I took a home loan. On 15/10/2024, I sold my 10 years of commercial property for ₹45,00,000. So, to get long-term capital gain tax exemption, is it necessary to repay the home loan amount from the money I got from selling the…

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