Section 54 f disallowed will be taxed at what rate

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narayan (Querist)
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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

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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13 July 2025 As it is added back in FY 24-25 on 18th November; the rate will be 12.5%.

narayan

narayan (Querist)
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13 July 2025 Sir
But the gains occured before 23 rd July 2024. Hence should it not be at 10 %???
Regards

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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13 July 2025 The rule is when you have broke the condition/s the rate & time is applicable as per that date.

narayan

narayan (Querist)
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18 July 2025 Sir
54 f disallowed last day 23-24 - where will it be shown in itr 2

Thanks

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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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.

narayan

narayan (Querist)
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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

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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20 July 2025 https://www.efiletax.in/blog/taxassist-campaign-new-income-tax-helpdesk-for-itr-filers/

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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26 September 2025 Good luck...

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