Capital gain on exchange of immovable property
This query is : Resolved
21 January 2014
Mr. A has an old godown.Now a builder is demolishing the old building and giving a new godown to Mr. A in the same place.Whether there will be capital gains?If yes, then how to determine the value of consideration (new godown).It is market value of the godown or the construction cost of the godown.Please reply.
22 January 2014
the construction cost of the godown shall be the consideration...,
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22 January 2014
Thanks for the reply.Can I get any circular / case law etc.supporting your view?
22 January 2014
please refer Dy.DIT V. G.Raghuram 39 SOT 406(Hyd.)(2010)]
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