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Capital gain on exchange of capital asset

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(Querist)
10 July 2015 my one of client and neighborhood has exchanged the land property without any cash transaction. whether application of capital gain is there! how to arrive the LTCG for both parties.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
10 July 2015 the stamp duty value of the properties will become the consideration.
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