Capital gains in IT returns

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This query is : Resolved

Satya Prakash (Querist)

24 October 2026 Hi Sir / Madam,
My in-laws are selling their Delhi property and buying an under construction flat.
Details are:
1. Selling property is in the name of Husband n Wife
2. All payments were made by the main applicant only ie., Husband while acquiring the property.
3. Husband is a pensioner and files ITR regularly / yearly
4. The payments to the new / under construction property are to be paid in specified installments as per the completion of project.
5. Majority (70%) of payments to the builder will have to be made by March'27.
Now, the query is,
1. Is it required to show the transactions relating to Sale n Purchase in the next IT returns? ie., AY 2026-27, as balance portion (30%) will be paid to the builder, in the next FY.
2. How to manage the Capital gains which is balance? (as the major portion is consumed in the new property) Do they need to open any CG account separately for this amount?
3. The payments are being transferred to both the owners of the sale property.
I need your guidance.
Best Regards

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

24 October 2026 ITR Filing: Report the capital gains and reinvestments in the respective AY (e.g., AY 2026-27).

CGAS Requirement: Open a Capital Gains Account only if any portion of the taxable capital gains remains unutilized by the ITR filing due date; otherwise, direct payments to the builder covering the required threshold within the statutory timeline suffice.

Ownership Split: Capital gains and exemption claims apply according to the legal shareholding ratios listed on the property deeds.

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