Скачать или смотреть Income tax Loophole with Case Law

Case law: Kavita Manoj Damani,Mumbai vs Income Tax Officerm Int Tax Ward

💡 When Section 54 Between Relatives Actually Makes Sense:

✅ The seller pays capital gains tax, and the buyer pays stamp duty — both contribute to making the exemption work.

✅ If the sale and purchase prices are close, both sides benefit — the seller’s tax is lower, and the buyer gets a property. Relative can also claim a benefit of Section 54 by investing in REC bonds.

✅ Relatives can use the circle rate (if it’s lower than market value) to reduce the capital gains tax and stamp duty.

✅ The property stays within the family, which makes the process more convenient and keeps control in trusted hands.



🔖 Disclaimer:
This content is based on publicly available information as of the date of posting. The example / case law is simplified for simple understanding of the general public. It is intended for general awareness only and should not be treated as legal or tax advice. Please consult a qualified professional for advice specific to your case.

#TaxPlanning, #IncomeTaxIndia, #Section54, #CapitalGains, #FinanceReels

Section 54 exemption, capital gains tax India, income tax loophole, real estate tax saving, ITAT Mumbai ruling, tax saving through property, husband wife property transaction, stamp duty and capital gains, income tax exemption tricks, sell property save tax