I purchased an Res-Flat in Jan-2009 for which I took a home loan of Rs 17,80,000 lakh. Now i am planing to sell it and buy small shop in suburb. 1. When can I sell the apartment? to avoid any confussion while selling 2. What is the capital gains implication? 3. Can i sell before 3 years of piurchase of the same.
Is the interest paid on loan taken for purchase of land is adjusted against long term capital gains while selling the property after 4 years from purchase.
