To avail capital gain deduction u/s 54F

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muralidhar30 (Querist)
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31 March 2024 1. I want to sell a residential plot and partially invest in a new house to avail deduction u/s 54F. As at present I have two houses one in my name and other jointly with my wife who is a working lady. Can I gift my share in joint house to my wife before selling the plot to avail deduction u/s 54F. Can it be by way of registering gift deed or by way of sale deed.
2. Can I claim both 54EC and 54F in above case.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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31 March 2024 technically, you can do this. ideally through a gift deed.

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