Hi Mr. Pankaj,
I am glad to come accross your website.
If we sold a property and the buyer buys at guideline value only, thereby giving us the rest money in white, then I understand from your blog that we should invest it in another property within the time period of 3-6 months to save tax. Now here, I already have an existing loan on one property, which has been partly paid. My question is - Can I use the sale amount partly to close this loan against one property and then invest the remaining balance into another property, thereby eleminating tax? Thank you Lata
