as per attached letter
ITR II LTCG on sale and purchase of property within a year
Chinnappan D M (Consultant) (96 Points)
28 June 2024Chinnappan D M (Consultant) (96 Points)
28 June 2024as per attached letter
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(164725 Points)
Replied 28 June 2024
Attach the document again
Chinnappan D M
(Consultant)
(96 Points)
Replied 28 June 2024
I purchased housing plot in Chennai City in Nov 2004 for Rs.17 lacs and same has been sold in May 2023 for Rs.88 lacs. Based on this the system has calculated the indexed value of Capital Gain. Up to this there is no error. The sale proceeds of the property is deposited in my SB account after the TDS portion of 1% by the buyer which reflects in my 26AS. With these proceeds I have purchased a old house property for Rs.1.0560 crores in December 2023. After TDS I paid the balance amount to the seller and the TDS remitted to the Government using my TAN.
Now claiming deduction under SEC 54F I am not able to fill the following columns. Can you please guide me.
Can anyone guide on this
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(164725 Points)
Replied 28 June 2024
1. May 2023.
2. Dec. 2023
3. 1.056 Cr
4. Nil
5. NA
6. 88 lakhs.