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269Q Income Tax Act -  Chapter not to apply to transfers to relatives

Section 269q of Income Tax Act 1961 -  Chapter not to apply to transfers to relatives

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.

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