Quiz for the week (01 Dec 2025) :
Pankaj a pensioner (age 70) has two vacant lands each measuring 5000 sq.ft. Their stamp
duty value now, is Rs.500 lakhs each. Those lands were acquired for Rs.4 lakhs each in April,
1990. Pankaj wants to gift Rs.8 crore to his daughter who lives in USA by selling both the
lands. The gift can be structured in FY 2025-26 and FY 2026-27. He has a daughter in Delhi
who is CEO of her home with rental income of Rs.3 lakhs per annum. Suggest how sale of
land and remittance of money outside India could be structured to complete the process?
Share your thoughts on the above on or before 8th December, 2025.