Where to find section 54F filing in Quicko?
To claim a Section 54F exemption on Quicko, navigate to the Capital Gains section under Income, fill out your asset sale details, and select Section 54F under the Exemptions tab to input your new residential property or CGAS investment details.
Section 54F can be a little confusing when filing your return, especially when you’re trying to locate the correct exemption field. The key is to first enter the capital gains details from the asset sale and then look under the exemptions section for Section 54F. You may need to provide details about the residential property purchased or constructed, or the amount deposited under the Capital Gains Account Scheme, depending on your situation. It’s always worth checking the figures carefully before submitting the return, as the exemption depends on meeting the applicable conditions.