Zero Tax on 6 Crores! This Mumbai couple just proved that with proper IT Act knowledge, you can legally pay ZERO tax on massive gains. While families stress over every tax rupee, the wealthy play chess with the system. The timing was absolutely genius. They bought the Hiranandani flats in 2002 for 51 lakhs, held for 18 years to get LTCG benefits, and executed the gift deed in 2017 - exactly 3 years before selling. Most people don't realize Section 54 doesn't specify WHO you buy new property from