| Question And Answer | |
|---|---|
| Subject: | Section 45(A) R/W 54 |
| Category: | Income-Tax |
| Querist: | M.V.SHARMA |
| Answered by: | Law Intern |
| Tags: | Section 54F deduction |
| Date: | October 13, 2025 |
My case is I have given for JDA and got six Flats in return. Occupancy Certificate issued in this FY. I have sold two flats in this FY and want to retain 4 Flats and claim deferment of Tax for retained Flats.
The gains on the transfer of the land will become taxable this year u/s 45(5A) as the OC has been issued this year. The stamp duty value of the six flats will be treated as the consideration for the transfer.
The sale of the two flats is a separate taxing event. This will be assessable as a STCG.
It is not clear what you mean by deferment for the retained flats. As stated earlier, the entire capital gain becomes assessable in this year.
You can consider claiming deduction u/s 54F if eligible.
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