Poonawalla fincorp
Poonawalla fincorp

Itr 2

This query is : Resolved 

04 July 2018 Respected all,

I need a help related to ITR 2. I downloaded java utility from income tax website. One of Individual sale residential property 1800000 rs. and cost of construction 962832 and capital gain 837168. He deposited 1800000 rs. in capital gain deposit Scheme. but when i fill data in ITR 2 form in capital gain and claimed deduction under sec 54. but it show tax in 837168*20/100= 167434 but after deduction 54 there should be no any capital gain. I already fill details of sec 54 but it show tax but not showing any income in total income tab. can any one help me for it. why it show tax after claiming deduction under sec 54

04 July 2018 Did you deposited amount in capital gains account or capital gains bond.

Did you mention amounts under exemption column to the extent deposited u/s 54EC

05 July 2018 Amount deposit in capital gain deposit scheme u/s 54. I mention exemption under sec54 column .


05 July 2018 Amount deposit in capital gain deposit scheme u/s 54. I mention exemption under sec54 column .



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