Wife sold shares, bought husband’s Rs 7.5 crore property; taxman send notice
Direct Source Verification:
This story is aggregated from The Times of India (timesofindia.indiatimes.com). Full reporting rights and copyright belong to the primary publisher.
When a woman sold her unlisted shares, she reported long-term capital gains of Rs 8.31 crore. In June 2021, she put Rs 6.91 crore into a residential property on Juhu Tara Road, Mumbai, and claimed exemption under Section 54F.
For complete coverage, context, and related multimedia, visit the original reporting by The Times of India via the source link below.
Original Source
https://timesofindia.indiatimes.com/business/india-business/wife-sold-shares-for-rs-8-31-crore-ltcg-bought-husbands-mumbai-property-for-rs-7-5-crore-and-claimed-section-54f-exemption-taxman-calls-it-tax-avoidance-but-itat-mumbai-gives-relief-to-her/articleshow/134465968.cms
