How to show 2017 home brought with loan, sold in 2024 with loan transfer in filing in ITR this year?

you will need to report this capital gain Rs.8 lakhs in your income tax return (ITR) under "Capital Gains". Since you held the house for more than 2 years (2017 to 2024), this is a long term capital gain. 

Long-term capital gain on a house property is taxable at 20% with indexation benefit. 

Indexation benefit:-

You can reduce the taxable gain by applying indexation (adjusting purchase price for inflation). 

Cost inflation Index for 2017-2018 =  272

Cost Inflation Index for 2024-2025 =  348

Indexed Purchase Price =  Rs.67Lakhs X (348/272) = Rs.85.73 lakhs

Capital Gain (with indexation) = 75 lakhs - 85.73 Lakhs = Rs.10.73 lakhs (loss)

Since there is a loss after indexation, there is no capital gain tax liability.

Buying a new house: - If you buy a new house this year, you will not have capital gain tax liability from this sale because hou have  incurred a loss after indexation.  

Thank you So much sir for detailed advice.

Thanks a lot

Best Regards,