Section 54 f disallowed will be taxed at what rate
This query is : Resolved
13 July 2025
I had claimed 54 f last fy 23-24 of rs 74.58 lacs. shares sold on 10/08/2023 / flat purchased on 25/08/2023 .
I purchased another flat in FY 24-25 on 18/11/2024.
Since I have purchased another flat on 18/11/2024 ie within two years of sale of original asset ( sold on 10/08/2023) , understand that the capital gain of rs 74.58 lacs claimed last fy 23-24 will be added back in FY 24-25.
QUERRY - SINCE THE CAPITAL GAIN TRANSACTION TOOK PLACE BEFORE 23 JULY 2024 , WILL I BE TAXED AT 10 % LTCG
regards
I purchased another flat in FY 24-25 on 18/11/2024.
Since I have purchased another flat on 18/11/2024 ie within two years of sale of original asset ( sold on 10/08/2023) , understand that the capital gain of rs 74.58 lacs claimed last fy 23-24 will be added back in FY 24-25.
QUERRY - SINCE THE CAPITAL GAIN TRANSACTION TOOK PLACE BEFORE 23 JULY 2024 , WILL I BE TAXED AT 10 % LTCG
regards
13 July 2025
As it is added back in FY 24-25 on 18th November; the rate will be 12.5%.
13 July 2025
Sir
But the gains occured before 23 rd July 2024. Hence should it not be at 10 %???
Regards
But the gains occured before 23 rd July 2024. Hence should it not be at 10 %???
Regards
13 July 2025
The rule is when you have broke the condition/s the rate & time is applicable as per that date.
18 July 2025
Sir
54 f disallowed last day 23-24 - where will it be shown in itr 2
Thanks
54 f disallowed last day 23-24 - where will it be shown in itr 2
Thanks
18 July 2025
Disallowance is due to purchase of new flat, which is in FY 2024-25. So file it in schedule CG. If not sure better take any professional help.
20 July 2025
Sir
I need to claim 54 and 54 f for the new flat purchased in fy 24-25. I also need to show the 54 f disallowance of fy 23-24 taxable in fy 24-25. Where and how to show in itr 2
I need to claim 54 and 54 f for the new flat purchased in fy 24-25. I also need to show the 54 f disallowance of fy 23-24 taxable in fy 24-25. Where and how to show in itr 2
20 July 2025
https://www.efiletax.in/blog/taxassist-campaign-new-income-tax-helpdesk-for-itr-filers/
26 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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- Value of property in capital gain
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
