Exchange of propertys capital gain tax applicable

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This discussion clarifies capital gains tax on property exchanges between brothers. If the transfer is done via separate gift deeds, no capital gains tax is applicable as it's considered a transaction between relatives. However, if registered sale deeds are used, capital gains tax will be liable.

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(Querist)
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.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
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

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Dhirajlal Rambhia (Expert)
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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