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Section 54 F in joint development agreement

Tax queries 341 views 1 replies

I own 2 houses out of which 1 house is co-owned with my spouse. 

I entered into Joint development agreement in April 2025 for my plot and I am getting 2 flats as part of the agreement. 
The building will be ready by January 2027. 

I want to avail benefits of section 54F. But as mentioned above , currently I own 2 houses . 
So if I gift my share in the co- owned house to my spouse in October 2025, will I become eligible for availing section 54F? 

Replies (1)

The 2 flats you receive will be exempt u/s. 54 so based on that why you wish for sec. 54F exemption, which will not be allowed otherwise...


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