Exchange of properties

CA Krishna Chaitanya M (Chartered Accountant) (463 Points)

21 December 2014  

Mr A exchange his property with Mr B's Property.( who is A's Brother), But value adopted for stamp duty puposes are different to both A's and B's properties, both are long term properties and there is no cash consideration at all.

As per transfer definition these exchange of property attract capital gains, is exchange of property between brothers are exempt? is there any better tax planning to avoid capital gians tax.