https://www.taxtmi.com/forum/issue?id=120321 Long-term capital gain earlier exempted under section 54F becomes taxable in the previous year in which another residential house is purchased within the prescribed two-year period, because the exemption condition is violated. In ITR-2, the amount should be reported in the capital gains schedule as re-taxed capital gains for the relevant year. A separate new flat purchase in the same year may still support fresh exemption claims under section 54 and section 54F against that year's capital gains, subject to the normal conditions. en-us Mon, 04 Aug 2025 17:34:21 +0530 Tue, 26 May 2026 17:16:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120321 Long-term capital gain earlier exempted under section 54F becomes taxable in the previous year in which another residential house is purchased within the prescribed two-year period, because the exemption condition is violated. In ITR-2, the amount should be reported in the capital gains schedule as re-taxed capital gains for the relevant year. A separate new flat purchase in the same year may still support fresh exemption claims under section 54 and section 54F against that year's capital gains, subject to the normal conditions. Discussion-Forum Income Tax Mon, 04 Aug 2025 17:34:21 +0530 https://www.taxtmi.com/forum/issue?id=120321