Capital gain

This query is : Resolved 

08 January 2016 Sir one of my friend has sold a property in j.v . on agreement with the builder he has received 60lacs . balance after construction he is getting one apartment. the guidelines value of the property is 3 crores. how to calculate capital gain .Kindly help

09 January 2016 Refer section 50D of Income Tax Act, 1961.


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