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Capital gain sec 54 deduction reversal

This query is : Resolved 

31 December 2023 Plot of land purchased in FY 2008-09 and sold in FY 2020-21. The sale receipts were deposited in capital gain account and Sec 54 deduction was claimed. Subsequently the assessee dropped the idea of constructing the new house and it was decided to withdraw the amount from capital gains account in FY 22.23, necessary capital gain tax is paid. Now how to show this amount in return of income.

31 December 2023 Show it as capital gains in FY 22-23 and pay taxes.


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