Facts of the Case:
An assessee has 2 residential flats as on 31st March 2014. In F.Y 2014-15; he sold shares from his investment on 13th June 2014 and had LTCG on the same and had purchased another flat also during the same time from another Party. It was decided that 1 residential flat will be gifted to spouse before selling the shares so that the assessee can claim exemption u/s 54F. Gift deed was made and stamp duty was paid on the same on 7th June 2014(i.e. before selling of shares) but the gift deed was registered on 11th nov 2014.
Query:1. Is gift deed required to be registered for claiming exemption u/s 54F?
2.Does the payment of stamp duty before the sale of shares can be only considered valid for claiming exemption u/s 54F?
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