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Capital Gain, Income Tax

Issue Id: - 117430
Dated: 18-8-2021
By:- PRAVEEN KUMAR

Capital Gain


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Dear Sir

Can i close my business loan taken by using capital gain (sold my residential flat given for rental)

Regards

Praveen

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1 Dated: 19-8-2021
By:- ARVIND JAIN

Query is not clear, Still, you can do that with no restriction on your usage of funds received from the sale of property unless you choose to pay tax on the capital gain amount after Indexation and all.


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