Capital Gain Calculation and Reporting
This query is : Resolved
Quick Summary
Ankur Aggarwal
(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
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
Dhirajlal Rambhia
(Expert)
10 September 2025
1. Rs. 40 lakhs
2. No. Not eligible under indexed LTCG.
2. No. Not eligible under indexed LTCG.
Ankur Aggarwal
(Querist)
10 September 2025
Thank you sir for the guidance.
Dhirajlal Rambhia
(Expert)
11 September 2025
You are welcome.
Dhirajlal Rambhia
(Expert)
19 September 2025
Good Luck...
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