Fact-check notes
Last fact-checked: 2026-05-26
Transition rule: AY 2026-27 covers FY 2025-26 and continues under the Income-tax Act, 1961. The Income-tax Act 2025 Tax Year terminology applies for income earned from 1 April 2026 onward.
This page is written from official portal guidance and the supplied Batch 11 brief. Any future-dated form, rule or portal workflow should be verified in the active utility before filing or advising a client.
What this covers
Section 82 is a new Act reference for residential-house capital gains exemption. For FY 2025-26 income and AY 2026-27 ITR, continue checking old Section 54 rules and current utility instructions.
- Long-term residential property sale is the core fact pattern.
- Purchase/construction timelines and CGAS deposit timing decide whether exemption survives.
- The Rs. 10 crore reinvestment cap should be checked in the applicable law year.
Who this is for
- Home seller buying a new house.
- NRI selling Indian residential property.
- Taxpayer planning CGAS deposit.
- CA calculating exemption before sale.
Documents and data to verify
- Sale deed.
- Purchase deed and cost records.
- Improvement evidence.
- New property agreement.
- CGAS deposit proof if applicable.
Common mistakes to avoid
- Missing CGAS deadline.
- Using exemption for wrong asset type.
- Ignoring holding period.
- Not tracking three-year lock-in for new asset.
How to proceed
- Confirm the applicable year, taxpayer type, state, registration status and portal form before acting.
- Reconcile the official portal data with books, bank statements, certificates, invoices and notices.
- Prepare a written computation, filing note, document checklist or response with assumptions clearly stated.
- Download acknowledgements, challans, workings and evidence after filing or submission.
FAQs
Can WorkIndex help with this?
Yes. Post the facts and documents; relevant experts can quote for filing, advisory, reconciliation, registration, appeal support or ongoing compliance.
Is the page a substitute for professional advice?
No. Use it to prepare. A professional should check the current portal utility, official source and records before filing or taking a tax position.
What should I mention while posting?
Mention the year, state, form, deadline, amount involved, documents available, portal status and whether you need filing, correction, opinion or representation.