Itr 2 sec 54 information

S Agrawal (proprietor) (40 Points)

28 August 2019

in case of long term capital gain on sale of house property, if new property purchased in joint name of 100 lac and assessee share is 65 lac ,

in ITR - 2, information u/s 54

" cost of new residential house" amount will be 100 lac or 65 lac ?

"amount of deduction claimed " is it should 65 lac or else .

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4 Replies

Kapadia Pravin (17264 Points)
Replied 28 August 2019

For section 54 benefits, amount of 65 lakhs will be considered as invested into new house property.

S Agrawal (proprietor) (40 Points)
Replied 28 August 2019

Originally posted by : Kapadia Pravin

For section 54 benefits, amount of 65 lakhs will be considered as invested into new house property.

Please share the ITR-2 sec 54 details I have to furnish like cost of new residential house, and amount of deduction claimed

S Agrawal (proprietor) (40 Points)
Replied 28 August 2019

Please share the ITR-2 sec 54 details I have to furnish like :- cost of new residential house, and amount of deduction claimed

Kapadia Pravin (17264 Points)
Replied 29 August 2019

Under CG schedule Part B
sub part a - i ii. iii
sub part b
sub part di
sub part f
Part D - 1-a

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