Capital gain on sale of redevelopment property

After his death,my father's residential property (a flat purchased by him in 1975) was transferred in the names of my mother,me and my 3 sisters.For the purpose of redevelopment,the flat was surrendered to a developer in January 2023. He agreed to give 2 flats in exchange. Now, in July 2026, the developer is getting completion certificate and eventually, he will give us the possession of 2 flats in August 2026.Now, the question is , if we all (mother and all 4 daughters) sell the flats immediately after possession, can we claim for long term capital gain,and claim exemption under section…

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  Thakkar

We own a 4Bhk flat under two names Mine and my father's HUF, Building is to go into Redevelopment and 79 A will be signed, Wanted to understand is it possible, advisable, Tax efficient to split the flat into two 3Bhk flats One in each name , what will be the tax implications for the same ?

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  Stamp Duty + Brokerage deduction allowed in Sec 54F

Hi, i want to know whether Brokerage, Stamp Duty cost is allowed in section 54F Deduction ? This is regarding buying residential property and i want to include Brokerage + Stamp duty in cost of acquisition.

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  54 and 54F

what is effective date for 54/54F regn payments or possession

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  unused amount deposited in Cap Gain Scheme before due date

1] if it pertains to section 54, what is the taxability after 3 years ? 2] if it pertains to section 54F, what is the taxability after 3 years ? can another flat be claimed against this in 4h year ?

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  A SOLD HIS RESIDENTIAL HOUSE FOR 40 LACS ON JAN 2025. COST OF ACQUISITION 13LAC ON AUG 2011 AND A PURCHASE NEW HOUSE WITH THE NAME OF HIS SON AND SPOUSE FOR RS 45 LAC. PLEASE INFORM IS EXEMPTION U/S 54 OF THE INCOME TAX ACT APPLICABLE TO HIM OR NOT

IS EXEMPTION U/S 54 APPLICABLE IF NEW HOUSE PURCHASE IN THE NAME OF SPOUSE AND SON?

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  Capital Gain on Redevelopment of an Apartment to Commercial Office Building

Housing Flat Building went for redevelopment in 2022. Now against this redevelopment Commercial Office space is received in 2025 as per the redevelopment agreement. Will it taxed as capital gain as new residential unit is not received against the old flat.

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  Section 54

Assessee deposited capital gain in CGAS. But while purchasing the new property utilized amount from personal saving account. Are the unutiled amount CGAS is taxable

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