Exchange of propertys capital gain tax applicable

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Kollipara Sundaraiah (Querist)
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19 April 2024 Sir,
Assessess one brother residential house transfer to another brother after
Another brother vacant land transfer to one brother
Question:
Two assessess exchange of propertys capital gain tax applicable.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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19 April 2024 no. it would get covered under transactions between relatives provided you do this transaction as two separate gift deed.

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Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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02 May 2024 Additionally, if both are registered sale deeds, capital gain tax liability would arise; but not liable if the deeds are GIFT DEEDS.

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