banner_ad

Section 54 availed by Woman with gifted property

436 views 2 replies

Suppose a husband gifts a residential property to his wife. The wife subsequently sells the residential property and buys another residential property within 10 days. 
Question- 1- Will section 54 be availed by the wife? 

2- Whether stamp duty exemption be availed by Woman on the sale of gifted property? 
 

Replies (2)
1. yes, you can avail 54f however the value of the new property should not be less than the gross receipts recieved on sale of the old property.

2.i think stamp duty exemption cannot be availed. however the same can be included in the cost of the new building purchased for the purpose of exemption under section 54f
Seems quite ok.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details