Bare ActsIncome tax Act, 1961

Section 269Q

Chapter not to apply to transfers to relatives.--

Amendment status not verified — confirm the current text below against the official source.

The provisions of this Chapter shall not apply to or in relation to any transfer of immovable property made by a person to his relative on account of natural love and affection for a consideration which is less than its fair market value if a recital to that effect is made in the instrument of transfer.

Section 269Q – Income tax Act, 1961 | DailyLaw.ai