| Question And Answer | |
|---|---|
| Subject: | Gift of residential property on which LTCG exemption was claimed under Section 54F |
| Category: | Income-Tax |
| Querist: | Mohan Krishna |
| Answered by: | Reply of the Expert is awaited; |
| Tags: | Gift, Section 54F deduction |
| Date: | September 28, 2024 |
My father sold a land property on his name and purchased a flat on his name with entire sale consideration.
Now, Section 54F says he should not sell it within three year
But can he gift the flat through gift deed in my name or should we wait for three years for gift transaction also?
References of relevant cases will help a lot. Thanks.
Reply of the Expert is awaited. Please check back later
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