The Income-tax Act, 1961 · XX — APPEALSAND REVISION

Section 269Q. Chapter not to apply to transfers to relatives

In force · As amended up to 2026-08

269Q. 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.

Source: India Code