Section 54F, Income Tax

[umeshkumar jhawar]

The assessee has purchased flat worth 30.00 crore in FY 2022-23. Out of which payment of 2 crore made during FY 22-23 itself and 13 crore before filing of return for AY 2023-24 total benefit taken 15 crore for AY 2023-24 u/s 54 F. Now during current year he had made payment of 15 crore. Whether he can take benefit of Rs. 10.00 crore for current year as per proviso inserted by Finance Act 2023 against LTCG.

 

Posts / Replies

[Padmanathan Kollengode]

I am assuming you have capital gains arising in both FY 2022-23 (AY 23-24) and FY 2023-24 (AY 24-25). Then, yes.