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-   -   Will Partprepayment amount gets deducted from Long Term Capital Gain (https://www.askmehelpdesk.com/showthread.php?t=373614)

  • Jul 9, 2009, 06:28 AM
    raovarinder2000
    Will Partprepayment amount gets deducted from Long Term Capital Gain
    Hi,

    I have Flat pruchased at rs.1200000 in Year 2006.

    I want to do part prepayment and want to know if I sell this flat next will this Amount which I did partpayment get deducted form Capital Gain, as I have already paid tax on the amount.

    Regards
    Raovarinder Singh
  • Jul 9, 2009, 08:49 AM
    AtlantaTaxExpert
    Mr. Singh:

    Yours is an Indian tax question; this forum addresses only U.S. tax questions.

    Try posting your question here: mytaxes - Index

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