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Unable to Enter Values Indexed Cost on Sale of House Property in "Schedule CG" of ITR 3

ITR Filing 827 views 1 replies

Gokul G

Accounts

21 Points Posted on 18 August 2025

Dear Sirs ,
Please help in filling Schedule CG of ITR 3 (Online filing)

HOUSE PROPERTY Sale Details
Date of Purchase : 11.10.2012
Date of Sale : 25 .11.2024
I want to avail Indexation benefit as there will be "Long Term Capital LOSS" when i do Indexation of Cost.

I want to choose Choose Indexation Option for LTCG in Schedule CG of ITR 3.
But while filling Form , the default calculation is coming on basis of 12.5 % Tax on LTCG Tax.

Please help how to select Indexation option in ITR 3.
The Cells are uneditable and the system is auto-computing LTCG on basis of 12.5%

Replies (1)

Rama chary Rachakonda

Master in Accounts & high court Advocate

9615 Points Posted on 18 August 2025

For properties purchased before April 1, 2023, and sold after July 23, 2024, taxpayers can choose between:

1 Indexation benefit: Pay 20% tax with indexation.

2. No indexation: Pay 12.5% tax without indexation.

Steps to Check:

Verify if the ITR 3 form allows selecting the indexation option in Schedule CG.
Check if there are any specific instructions in the ITR utility or tax department guieelines for this scenario.
If the fields are uneditable and auto-computing at 12.5%, consult a tax professional for personalized guidance. or else check latest updates and notifications from I.T. dept.