Kolkata woman earned Rs 26 cr, paid 0 tax legally
Synopsis A Kolkata businesswoman, Saroj Goenka, legally saved ₹26 crore in taxes by reinvesting long-term capital gains from share sales into constructing a residential bungalow
Synopsis A Kolkata businesswoman, Saroj Goenka, legally saved ₹26 crore in taxes by reinvesting long-term capital gains from share sales into constructing a residential bungalow. This move, facilitated by Section 54F of the Income Tax Act, saw her win an appeal against tax objections. The case highlights prudent tax planning for high-net-worth individuals and offers valuable insights for retail investors looking to manage capital gains tax through real estate investment.
The BriefWire