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Capital Gain Calculation and Reporting

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(Querist)
10 September 2025 Hi, Experts please guide.
RHP 1 (Residential House Property) Bought - 22/06/2021 - Rs. 60,00,000
RHP 1 Sold - 12/12/24 - Rs. 1,00,00,000
LTCG as property sold after 2 years.
Capital Gain as per Old Taxation 20 % with indexation - Rs. 31,29,338
Capital Gain as per New Taxation 12.5% - Rs. 40,00,000
I have purchased RHP 2 on 03/03/25 for Rs. 50,00,000 and want to claim exemption under section 54. Now when reporting in ITR, I should take amount of deduction claimed as 31,29,338 or 40,00,000?

Also, if the RHP 2 was of value 38,00,000. Then could i take complete exemption under section 54 by showing property in old taxation?

Thanks
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
10 September 2025 1. Rs. 40 lakhs
2. No. Not eligible under indexed LTCG.
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Ankur Aggarwal

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Ankur Aggarwal (Querist)
10 September 2025 Thank you sir for the guidance.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
11 September 2025 You are welcome.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
19 September 2025 Good Luck...
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