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This lady from Kolkata paid zero taxes on ₹26 crores gain that she made in the stock market! Let me explain you how. Hi, this is Chandralekha and I love talking about money. šŸ’” What exactly happened šŸ‘‰ Saroj Goenka from the promoter family of Emami Limited sold 36 lakh shares for about ₹34 crore šŸ‘‰ This created a long-term capital gain of nearly ₹27 crore šŸ‘‰ The tax department issued a notice asking her to pay ₹3.2 crore in tax šŸ’” How she legally paid ZERO tax šŸ‘‰ She claimed Section 54F by reinvesting sale proceeds into constructing a residential bungalow šŸ‘‰ Officers argued she owned multiple properties, which could cancel the exemption šŸ‘‰ Those properties were a joint asset and an industrial land, not counted as residential houses šŸ‘‰ The ruling went in her favour and the tax demand was removed šŸ’” What changed now šŸ‘‰ This case was before 2023 when there was no exemption cap šŸ‘‰ Now Section 54F exemption is limited to ₹10 crore šŸ‘‰ Smart reinvestment planning can still reduce large ...

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