Section 269UO, Income-tax Act, 1961 — Chapter not to apply to certain transfers

Chapter XX-C

269UOChapter not to apply to certain transfers.

Section 269UO · Chapter XX-C · page 953 of the Act

The provisions of this Chapter shall not apply to or in relation to any immovable property where the agreement for transfer of such property is made by a person to his relative on account of natural love and affection, if a recital to that effect is made in the agreement for transfer.

Section 269UO of The Income-tax Act, 1961 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.