Capital Gain Calculation and Reporting

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This discussion clarifies how to report Capital Gains Tax (CGT) on residential property sales. It compares CGT calculations under old and new tax regimes, highlighting the impact of indexation. The user seeks guidance on claiming exemptions under Section 54 when purchasing a new property, specifically whether to use the old or new tax calculation for the exemption amount and if partial exemptions are possible.

Ankur Aggarwal

Ankur Aggarwal (Querist)
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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