Exemption us 54F


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This discussion explores the applicability of Section 54F exemption when capital gains are received in the form of flats, rather than cash. The query specifically asks if the Stamp Duty Value (SDV) of these flats can be used for the exemption, as per Section 45(5A) which charges capital gains based on the SDV when a plot is exchanged for flats. The consensus is that Section 54F exemption can indeed be claimed for one of the flats.

22 February 2022 plot sold and consideration received in the form of flats. as per section 45(5A); capital gain chargeable to tax in the year in which cc is issued & sale consideration will be SDV of the flats.
I have a query that whether SDV of the same flats can be taken as exemption u/s 54F ??? Plz reply.

22 February 2022 Yes, 54F exemption can be claimed for one flat.

23 February 2022 Thank you very much sir

23 February 2022 You are welcome........


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