Section 54F deduction and ITR
This query is : Resolved
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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.
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