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Exemption not allowed by CPC

This query is : Resolved 
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(Querist)
24 March 2025
I have purchased a land on 17.09.12 by Rs.23.00 and sold it by Rs. 53.88 lac on 23.12.2021. By the amount of Capital Gain Rs. 19.00 lac I have Purchased a Residential property Jointly in the name of my wife and myself amounting Rs.34.00 lacs and claim exemption u/s 54. But in the assessment CPC bangalore not excepting the claim u/s 54 and issued demand notice. Would u pls suggest , what should I do now ??
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
24 March 2025 Why was the claim rejected?
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
25 March 2025 Just check the intimation and mention the exact reason for rejection of claim
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