Posted On : 18 February 2026
In Reply To :
JDA - Taxable Year and Sec 54/54f clarification
Tax Year: FY 2025-26 (AY 2026-27) for the final settlement and flat handover.
Section: Use Section 54 (House-to-House).
Consideration: Use the SDV of the total 1240 sq.ft. unit plus the 1.40 Crore cash.
X's Position: X may face a higher tax hit because the "Settlement Deed" to Y is a gift and does not qualify as "reinvesting" for Section 54 exemption for X.