Deduction under sec 54

This query is : Open

V Ishu Hegde (Querist)
Follow

25 August 2025 A purchased property purchased residential property on 18/12 /2004 and sold on 14/2 /25
as per calculation without indexation he has made Long Term Capital gains of Rs. 4409500
and with indexation he has madeLong term capital gains of 2385000
he has made a purchase of residential property of Rs.4983000 on 23/01/25
The question is when he enters the data in TableD of itr3 for deduction under sec 54 in and make a claim for deduction of Rs. 4409500. it states check proper figs are enterd in table D.and not allowing to confirm the data
1 Is deduction under sec 54 available in a.y.2025-26?
2. what is the error being made by me that it is not accepting the fig and charging capital gains tax of 12.5% on 4409500?
thanks

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now