Is a gift of property share from a husband to a wife eligible for capital gain exemption?

📌 Q: Agar Husband apni Wife ko Property Gift kare, to Capital Gain Exemption milega?
💬 Bilkul! Agar gift genuine hai aur Section 54 ke sabhi conditions fulfill kiye gaye (jaise naye ghar mein timely investment), to Capital Gain Exemption mil sakta hai.
🧾 Example: Raj ne apni flat Rina ko gift ki. Rina ne flat becha aur 2 saal ke andar naya ghar kharida – exemption allowed!

📌 Q: Kya Income fir bhi Husband ke naam se club ho sakti hai?
💬 Haan. Agar property gift kar di gayi hai par usse aayi income (jaise rent) hai, to Clubbing Provisions ke tahat wo Husband ke income me jod di ja sakti hai.
📎 Gift se ownership transfer hoti hai, par tax ka logic follow karta hai!

📌 Q: AO (Assessing Officer) exemption reject kyu karta hai?
💬 Kuch common reasons:
1️⃣ No proof of original payment by wife.
2️⃣ “Self to self” deal – naya ghar bhi husband se kharid liya.
3️⃣ Circular transactions – paisa ghoom ke wapas husband ke paas.
4️⃣ Capital gains invest nahi kiya ya galat form mein invest kiya (like FD).
🧯 Tip: Documents aur payment ka trail clear hona chahiye.

📌 Q: Tribunal ne exemption allow kyu kiya?
💬 Tribunal ne dekha ki:
✅ Gift genuine tha.
✅ Naya ghar 2 saal ke andar purchase hua.
✅ Poora paisa pay kiya gaya, that too with TDS deduction.
🔐 Result: Section 54 ke rules follow huye, isliye exemption allowed!

📌 Q: Is ruling ka kya impact hai dusre couples ke liye?
💬 Yeh ruling clear karti hai ki:
👫 Gifted property ko bech kar exemption mil sakta hai, par transaction genuine aur legally valid hona chahiye.
📆 Timely investment & transparent payment trail = Safe zone from AO scrutiny.

📌 Q: Clubbing aur Capital Gain – dono ek saath kaise kaam karte hain?
💬 Clubbing income se related hai (e.g., rent), aur Section 54 capital gain exemption se.
🧠 Dono alag tracks hai – ek exemption deta hai, dusra income club karta hai!

🧾 Final Word from ITAT: “Agar gift real hai, investment genuine hai, aur Section 54 ka compliance hai – toh exemption deny nahi kiya ja sakta.”