Capital gains
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 July 2012
Whether exchange of property at determined higher value for stamp paper purpose ,than the original cost price without any additional payment ,will it cover under capital gain tax?
21 July 2012
Exchange of properties is a transfer and liable to capital gain tax.
The sale consideration shall be the stamp duty value of the property received in exchange.
The sale consideration shall be the stamp duty value of the property received in exchange.
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