Section 54F deduction and ITR
This query is : Resolved
Quick Summary
08 July 2024
Dear Experts,
The assessee has derived long term Capital Gain u/s. 112A on listed equity shares on different dates during the FY 2023-24 and reinvested in residential house eligible for section 54F. In the return of income, while claiming the deduction, date of transfer of original assets is to be filled in. Here, there are 8-10 scrips sold on different dates. Which date is to be put in the column? Or each and every scrip is to be put in the column calculating gain on each scrip?
Please advise.
Thanks and regards,
The assessee has derived long term Capital Gain u/s. 112A on listed equity shares on different dates during the FY 2023-24 and reinvested in residential house eligible for section 54F. In the return of income, while claiming the deduction, date of transfer of original assets is to be filled in. Here, there are 8-10 scrips sold on different dates. Which date is to be put in the column? Or each and every scrip is to be put in the column calculating gain on each scrip?
Please advise.
Thanks and regards,
08 July 2024
Yes, the details is to be given based on invoice date.
08 July 2024
Thank you Sir. That means assessee has to put scrip wise/date wise details for number of times. Am I correct?
08 July 2024
Yes. You may combine few entries of nearby dates of same script..
26 August 2024
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- Unregistered suppliers utility
- NRI starting business in India
- ITDS U/S.194T of Firm
- ADVANCE PAYMENT OF ADVOCATE
- Non-Compliance documents have not been submitted by the contractors debited
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- FORM 141 SDV query
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
