Deduction under sec 54

Save Share

This query is : Resolved

Quick Summary

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)
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

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

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)
Follow

22 September 2025 Good luck..

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