CA Meenal Goel, founder of an AI startup, has revealed how rich people in India are avoiding taxes through farmhouses and agricultural land. "Here's how the play works: Agricultural income is tax-free. Show revenue from crops - no income tax," she wrote. Goel pointed at capital gains, stating that selling land, reinvesting in agricultural land gets exemption under Section 54B.
short by
Arshiya Chopra /
07:00 am on
02 Oct