Income Tax Section - 269Q, Income Tax Act, 1961-2021

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    Section - 269Q,  Income Tax Act, 1961-2021

Chapter not to apply to transfers to relatives.

269Q. 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.