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Exchange deed capital gains taxation

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(Querist)
31 May 2024 Mr A is exchanging his land with Mr B for residential converted land by Exchange deed. . However there is no monetary consideration here. For stamp duty purpose land with higher value will be considered.
Whether Mr A is attracted to capital gains tax. If Yes what would be the sale consideration to Mr A for computing capital gains. Here the value of land of Mr A is lesser than Mr A kindly advise
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
31 May 2024 1. Yes
2. That of higher value land.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
04 September 2024 Good Luck.
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