Deduction u/s 54F of IT Act
This query is : Resolved
Mukund Iyer
(Querist)
11 June 2023
Hi. I have sold multiple capital assets on different dates in FY 2023 and purchased another capital asset in the same FY. How do I show this in Schedule CG of ITR 2. In Part D of Schedule CG, it is allowing to enter only one item so how do I show multiple sale dates in Table D on 'Deduction claimed against CG' ?
Dhirajlal Rambhia
(Expert)
12 June 2023
You can either enter consolidated figure as single entry for all these similar kinds of assets sold or report each transaction separately as independent asset. In second option you will need to bifurcate the reinvestment figures in 'Deduction claimed against CG'.
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