Deduction under sec 54

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This discussion concerns claiming a deduction under Section 54 for long-term capital gains on residential property for Assessment Year 2025-26. The user is encountering an error when entering data into Table D of their ITR-3, preventing them from claiming the full deduction. While the offline utility didn't show an error, the user is being charged capital gains tax, suggesting a potential data entry mistake in Table D.

V Ishu Hegde

V Ishu Hegde (Querist)

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

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

25 August 2025 We checked entering some data similar to above in offline Java utility ver. 1.2.1; but did not find any error. It got saved properly. So, check the figures in the table D again. There may be some mistake made by you.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

22 September 2025 Good luck..

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