Section 54F exemption – ScoreZip.in

Wife sold shares for Rs 8.31 crore LTCG, bought husband’s Mumbai property for Rs 7.5 crore and claimed Section 54F exemption; taxman calls it tax avoidance, but ITAT Mumbai gives relief to her

The woman told the tax authorities that the property was bought as an investment for future…

The tax tribunal held that the Income-tax (I-T) department could not deny the exemption merely based…