54F Exemption in consecutive 2 years towards installments paid for new house https://www.taxtmi.com/forum/issue?id=120501 The taxpayer must deposit unspent capital gains in a Capital Gains Deposit Account in the year the gains arise; in the ITR the taxpayer may claim deduction for the amount actually utilised for the new residential house plus the amount deposited in the deposit account. Amounts in the Capital Gains Deposit Account may thereafter be utilised in a subsequent year to pay later instalments for the same new residential house, with those utilisations treated for deduction when applied. en-us Sat, 27 Sep 2025 12:01:12 +0530 Tue, 11 Nov 2025 18:36:08 +0530 TaxTMI RSS Generator 54F Exemption in consecutive 2 years towards installments paid for new house https://www.taxtmi.com/forum/issue?id=120501 The taxpayer must deposit unspent capital gains in a Capital Gains Deposit Account in the year the gains arise; in the ITR the taxpayer may claim deduction for the amount actually utilised for the new residential house plus the amount deposited in the deposit account. Amounts in the Capital Gains Deposit Account may thereafter be utilised in a subsequent year to pay later instalments for the same new residential house, with those utilisations treated for deduction when applied. Discussion-Forum Income Tax Sat, 27 Sep 2025 12:01:12 +0530 https://www.taxtmi.com/forum/issue?id=120501