Section 54 availed by Woman with gifted property

This discussion explores whether a wife can claim tax exemption under Section 54 of the Income Tax Act when she sells a residential property gifted by her husband and purchases another within 10 days. The consensus suggests Section 54F is applicable, provided the new property's value meets the criteria. It also addresses stamp duty, indicating that a specific exemption is unlikely, though it might be considered part of the cost for Section 54F purposes.