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capital gain tax

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(Querist)
29 August 2009 sir,
we are two brothers and holding 50 percent shares each in the pvt.ltd company. the assets are in the name of the company.Now i want my 50 pecent share in the company that consits land/immovableand movable property. The same 50 percent share is divided after family arragement scheme. I want to the tax impact on me. Whether the land/immovable and movable property received by me is treated as capital gain tax or not.
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Late CA Sampat Jain

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Late CA Sampat Jain (Expert)
30 August 2009 THE TERM TRANSFER FOR THE PURPOSE OF I T ACT INCLUDES EXCHANGE OF ASSETS ALSO
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