27 July 2022
I have Long term capital gain of 12L from Sale of Plot and LTCG of 120K from sale of shares also STCG of 20K from shares. I have purchased House for 15 Lacs within a week of Transfer of land. When i am claiming deduction under section 54f stating purchase cost of my house to be 15lac and claiming exemption of 12 lac LTCG it is not allowing me and showing error that deduction u/s 54f claimed here should match with total of deductions claimed in respective assets. please advice me with this error and how can i claim capital gain deduction under section 54F.
27 July 2022
I have tried filling the details in column d under section 54 and section 54F with same error. i will try to fill the details under Section 54B and update you with the status. Thank you for your time.
27 July 2022
Agreed sir.. My Investment to claim CG Exemption( 15L) is higher than the amount of Capital Gains earned (12L), Please advice how much CG exemption i should claim proportionately ?
27 July 2022
So, the LTCG gain is 12 lakhs = 17.5 L - indexed purchase cost of Rs. 5.50 L Now when you invest 15 L u/s. 54F, your gain will reduce to 1.7143 L It means you have to claim Rs. 10.2857 L- under sec. 54F ...
27 July 2022
Need to be checked by some experience person. There is no error in the utility. We are filing such cases without any error. Get some local help..
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