Hello Experts !
I purchased an apartment in 1992 for Rs. 1,75,000 and sold it in 2011 for Rs. 14,00,000.
I have opened a Long Term Capital Gain account with SBI for investing Rs. 14,00,000
On other hand i have a home loan for a residential house for Rs 8000 per month.
Can i claim home loan amount under Sec 80C ?
Would i be pardoned for any tax since i already have invested it into LTCG account and plan to invest in residential house in 2months time?
Please advice if i did right? or any thing i can do in future to have minmum tax.
Regards
Vinay