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This lady from Kolkata paid zero taxes on โ‚น26 crores gain that she made in the stock market! Let me explain you how. Hi, this is Chandralekha and I love talking about money. ๐Ÿ’ก What exactly happened ๐Ÿ‘‰ Saroj Goenka from the promoter family of Emami Limited sold 36 lakh shares for about โ‚น34 crore ๐Ÿ‘‰ This created a long-term capital gain of nearly โ‚น27 crore ๐Ÿ‘‰ The tax department issued a notice asking her to pay โ‚น3.2 crore in tax ๐Ÿ’ก How she legally paid ZERO tax ๐Ÿ‘‰ She claimed Section 54F by reinvesting sale proceeds into constructing a residential bungalow ๐Ÿ‘‰ Officers argued she owned multiple properties, which could cancel the exemption ๐Ÿ‘‰ Those properties were a joint asset and an industrial land, not counted as residential houses ๐Ÿ‘‰ The ruling went in her favour and the tax demand was removed ๐Ÿ’ก What changed now ๐Ÿ‘‰ This case was before 2023 when there was no exemption cap ๐Ÿ‘‰ Now Section 54F exemption is limited to โ‚น10 crore ๐Ÿ‘‰ Smart reinvestment planning can still reduce large ...
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