Am getting error as “pls ensure total of exemptions equals the total of sec54” even when I have only entered Section 54EC details exactly matching the capital gains on property in Schedule CG. Checked net and found that this is a regular query every year. Any solution?
Ensure that you have entered the details in 1(d) also , along with entering the details in Table D of the Capital gain Schedule.
The Path is
Schedule Capital Gain / Sale of Land & Building / Add another / .
d. Deduction under section 54/54B/54EC/54F (Specify details in item D below)
Thanks for your prompt response. However, I have indeed followed the exact path to the clause d, after filling out the full details of the sale. Even matched the exact amount of exemption sought to the deemed CG. After filling the details in 54EC, it does not allow me to confirm, returning the error I mentioned. The part within the details of the sale etc. shows the expected CG, but then the next line of exemption from sec 54 shows zero, thus not picking up the value I have input in clause D
Online filing thru income tax portal , it is allowing to confirm .
I have done it .
Ensure entering the details in both the table i.e. Table 1(d) & Table “D” of Schedule Capital Gain .
Thanks again. I understand this part and where the discrepancy lies. But in current ITR-2, online filing, line 1(d) I s not editable, and expect to pick up the data from table D, of course, when it gets confirmed. And table is giving the error, refusing to get confirmed. Hence line 1d continues to show zero, and passes the whole LTCG to taxable @12,5%, when it should show 54EC deductible, and pass zero Tax on this item
I(d) is editable and you can enter / edit the details in table 1(d).