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Wife buys husband's Rs 7.5 crore Mumbai property, ITAT allows tax benefit
Buying a residential property from one's own spouse does not, by itself, make the transaction a colourable device to avoid tax, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held, allowing a woman's claim for exemption under Section 54F after she purchased a Mumbai property from her husband for Rs 7.5 crore.
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timesofindia.indiatimes.com
Wife buys husband's Rs 7.5 crore Mumbai property, ITAT allows tax benefit
Buying a residential property from one's own spouse does not, by itself, make the transaction a colourable device to avoid tax, the Mumbai bench of the Income Tax Appellate…
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hindustantimes.com
Bought property jointly? Mumbai ITAT says tax benefit when property is sold may depend on who paid how much
Property investment guide: Mumbai ITAT ruling is relevant for couples who jointly register properties for investment, home loans or other financial purposes