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Capital gains received other than cash

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(Querist)
18 June 2022 A client sells site to a pvt limited company and received its shares. No cash received. What are the tax implications.
Can the experts throw light on the tax payable?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
18 June 2022 Market value of the shares received will considered for calculating capital gains.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
11 July 2022 Or based on the value assessed by Sub-registrar for stamp duty levy.



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CA Puja Sharma

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CA Puja Sharma (Expert)
11 July 2022 Yes, there will be capital gain in the hands of the seller.

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