Query regarding deduction u/s 54 in itr-2

This query is : Resolved 

27 May 2018 Hi,

I sold my old residential Flat in October 2017, date of registry being 18-October-2017. I made a Long-term Capital Gain of Rs 6.69 Lakhs from the sale.
Thereafter I also purchased a new residential Flat in March 2018, date of registry being 07-March-2018. I bought the Flat for Rs 11 Lakhs.
I will be claiming deduction under Section 54 against my capital gains for FY 2017-18 (AY 2018-19) in Schedule CG of Form ITR-2.
Schedule CG of the new ITR-2 for AY 2018-19 asks for the ‘Date of transfer of original asset’, ‘Cost of new residential house’ and ‘Date of purchase/construction of new residential house’ in case of deduction claimed under section 54.
I have the following 3 questions:
Q1. Will it be CORRECT if for the ‘Date of transfer of original asset’, I enter the date 18-October-2017 ?
Q2. Will it be CORRECT if for the ‘Cost of new residential house’, I enter Rs. 11 Lakhs ?
Q3. Will it be CORRECT if for the ‘Date of purchase/construction of new residential house’, I enter the date 07-March-2018 ?

Regards,
Snehashish.

28 May 2018 yes. that would be the disclosures to be made.



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