Capital Gains on exhange of immovable property
This query is : Resolved
01 September 2024
Please elaborate with example regarding the exchange of immovable property between two parties (not related to each other) without consideration. How the capital gain is calculated for each party and role of Section 56(2)(x). Please enlighten
Dhirajlal Rambhia
(Expert)
01 September 2024
Capital gain will be liable to both the parties based on the higher value of the properties, as sell consideration.
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