https://www.taxtmi.com/forum/issue?id=108270 A taxpayer sold a long-held residential house in June 2013 after purchasing another residential house in April 2013 funded by unsecured loans; those loans were repaid from the sale proceeds later the same year. The core issue is whether repaying acquisition loans with the sale proceeds counts as reinvestment of the entire sale consideration so as to claim the capital gains exemption under section 54. en-us Tue, 17 Mar 2015 12:02:16 +0530 Thu, 23 Jan 2025 15:56:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108270 A taxpayer sold a long-held residential house in June 2013 after purchasing another residential house in April 2013 funded by unsecured loans; those loans were repaid from the sale proceeds later the same year. The core issue is whether repaying acquisition loans with the sale proceeds counts as reinvestment of the entire sale consideration so as to claim the capital gains exemption under section 54. Discussion-Forum Income Tax Tue, 17 Mar 2015 12:02:16 +0530 https://www.taxtmi.com/forum/issue?id=108270