Answers On Topic: Gift residential property
  Gift of residential property on which LTCG exemption was claimed under Section 54F
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.


► Read Answer