| Question And Answer | |
|---|---|
| Subject: | ASSESSEE HAS GIFTED 4 RESIDENTIAL HOUSE TO HIS WIFE. IS HE ELIGIBLE FOR DEDUCTION U/S54f |
| Category: | Income-Tax |
| Querist: | Jayant Desai |
| Answered by: | Law Intern |
| Tags: | Section 54F deduction |
| Date: | December 14, 2025 |
ASSESSEE HAS GIFTED 4 RESIDENTIAL HOUSE TO HIS WIFE DID HE ELIGIBLE FOR DEDUCTION U/S54f
The query is not clear. Generally, gifting the new residential houses (purchased/constructed for claiming exemption) to the wife would generally not disqualify the deduction under Section 54F if the investment was made from the sale proceeds and other conditions are met. Judicial precedents (e.g., ITAT rulings and Delhi High Court in CIT vs. Ravinder Kumar Arora) support that the new house need not be in the assessee’s sole name—investment in the spouse’s name is often allowed, as the purpose is to promote housing.
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