Gain u/s 54F

shashi kiran (26 Points)

11 April 2025  

Mr.X has 2 residential property and a commercial property in his name as on 31.03.2024.

He buys another residential property on 24.04.2024 for self

He Gifts one of the residential property previously held to his Daughter.

He sells his commercial property on 30.05.2024.

Now, can he still claim the deduction U/S 54F for the commercial property sold .

Please guide.