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Reinvestment of Capital gain(From sale of property)

This query is : Resolved 

30 April 2024 Hi there,

in FY 23-24, I sold a property and I had a capital gain. For reinvestment of capital gain, I invested 50 Lakhs in bonds ( Section 54EC) and I bought a flat which is under construction. I have paid 80% of Flat purchase price. My question is: when I file my income tax return, Can I show 100% of flat price or i am allowed to show only 80%? If I am allowed to show only 80%, should I be transferring the remaining capital gain to Capital gain saving account? ( which is approximately 20% of remaining flat price)?

Thank you!

Keshav

01 May 2024 This has been resolved with the help of CA R SEETHARAMAN in 101 connect.


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