Capital Gain, Income Tax

[PRAVEEN KUMAR]

Dear Sir

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

Regards

Praveen

Posts / Replies

[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.