https://www.taxtmi.com/forum/issue?id=4494 The query concerns computing capital gains exemption where sale proceeds were reinvested in a residential property partly financed by loan and whether loan repayment affects entitlement. The operative point is that entitlement depends on reinvestment in the new house within the statutory time limits and the apportionment of gain against the cost of the new property; several practitioners note that the source of funds or outstanding loan balance does not, by itself, disqualify the exemption. en-us Thu, 09 Aug 2012 17:00:00 +0530 Thu, 23 Jan 2025 15:57:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4494 The query concerns computing capital gains exemption where sale proceeds were reinvested in a residential property partly financed by loan and whether loan repayment affects entitlement. The operative point is that entitlement depends on reinvestment in the new house within the statutory time limits and the apportionment of gain against the cost of the new property; several practitioners note that the source of funds or outstanding loan balance does not, by itself, disqualify the exemption. Discussion-Forum Income Tax Thu, 09 Aug 2012 17:00:00 +0530 https://www.taxtmi.com/forum/issue?id=4494