Скачать или смотреть How Farmhouses Help India’s Rich Skip Taxes?

In India, a growing trend among the wealthy is using farmhouses and agricultural land as a clever way to legally avoid paying hefty taxes.

CA Meenal Goel, founder of an AI startup, revealed how this strategy works in detail. Agricultural income in India is completely tax-free, so the rich report revenue from crops grown on their farmhouses to show no taxable income.

Furthermore, when they sell agricultural land, capital gains tax can be avoided by reinvesting the money into other agricultural properties under Section 54B of the Income Tax Act.

This loophole allows landowners to claim exemptions and save lakhs or even crores in taxes. This practice has become widespread among India’s affluent who use agricultural land ownership to optimize their tax liabilities, staying within the legal framework but creatively minimizing tax outgo.
The story sheds light on the tax implications and how this affects the broader economy, raising questions about tax reforms and agricultural land regulations in India.




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