This lady from Kolkata paid zero taxes on ā¹26 crores gain that she made in the stock market! Let me explain you how.
Hi, this is Chandralekha and I love talking about money.
š” What exactly happened
š Saroj Goenka from the promoter family of Emami Limited sold 36 lakh shares for about ā¹34 crore
š This created a long-term capital gain of nearly ā¹27 crore
š The tax department issued a notice asking her to pay ā¹3.2 crore in tax
š” How she legally paid ZERO tax
š She claimed Section 54F by reinvesting sale proceeds into constructing a residential bungalow
š Officers argued she owned multiple properties, which could cancel the exemption
š Those properties were a joint asset and an industrial land, not counted as residential houses
š The ruling went in her favour and the tax demand was removed
š” What changed now
š This case was before 2023 when there was no exemption cap
š Now Section 54F exemption is limited to ā¹10 crore
š Smart reinvestment planning can still reduce large ...
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