Error while claiming deduction under 54EC

Hey Pramod! This 54EC deduction error usually happens when the amount claimed in Table D (deductions) doesn’t perfectly match the amount shown as investment in the respective asset under capital gains schedule.

Here’s how to fix it:

1. Check the capital gain details:

   • Make sure your long-term capital gain (LTCG) amount is correctly entered.

   • The deduction under 54EC can’t be more than this LTCG.

2. Check the investment details under 54EC:

   • In the Capital Gains schedule, there’s a section to enter investments made under 54EC (like bonds purchased).

   • The amount you entered here must exactly match the deduction amount claimed in Table D.

3. Matching figures:

   • Sometimes, even small differences (like a rupee or two) cause this error.

   • Double-check the values for typos or rounding differences.

4. Check dates:

   • The investment under 54EC must be made within 6 months from the date of transfer.

   • Ensure the dates in the form match the investment date.

5. Try re-entering the data:

   • Clear the deduction amount and re-enter it carefully both in the Capital Gains asset schedule and Table D.

If the figures match perfectly and you still get this error, it could be a software glitch. Try clearing cache, using a different browser, or updating your ITR utility to the latest version.