During F Y 2024 - 2025 I have redeemed MF units and had LTCG of Rs 27,31,489 and STCG of Rs 56437
which I utilised for purchasing a new house in same F.Y
While claiming Deductios for LTCG ,I am getting msg "Please ensure the total of Deduction u/s 54F must match the same in Table D"
I have claimed deduction for Rs 27,31,489 an entire amount u?s 54F
My query is with what amount the amount in Table D to be matched ? Please guide me.
Section 54F of the Income-tax Act, 1961, allows a deduction from LTCG arising from the transfer of a long-term capital aset, other than a residential house, if the gain is invested in a residential house.
You should verify the amout reported in Table D and ensure that it matches the deduction claimed under Section 54F. The correct amount tobe matched in Table D is likely the amount of LTCG that has been invested in the new residential house, which in this case is Rs.27,31,489. Still if the issue is persist, contact I.T. officials.
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