Exchange of property

20 August 2019
Case of Exchange of property
Residential Flat exchanged against Plots, purchase value of Flats Rs 15 Lakhs & Govt. value of plots is Rs 4-5 Lakh. Stamp Duty paid on Rs 15 Lakh. Residential Flat given within 24 months of purchase i.e. short term capital gain.
Treatment in Income Tax.

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