Query regarding Income Tax section 54 Capital Asset is Residential Flat acquired through Gift Deed from Family member 5 years ago. Now the Gifted Flat is sold and with in 6 months New Residential P...

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Query regarding Income Tax section 54 Capital Asset is Residential Flat acquired through Gift Deed from Family member 5 years ago. Now the Gifted Flat is sold and with in 6 months New Residential P...

You have raised a very relevant point. The fact that the residential flat came to you through a Gift Deed does not, by itself, stop you from claiming...